Chapter 357: 357
Chapter 357: GH Logistics (1) – Part 2
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Gun-Ho asked Jae-Sik,
“You said you are living somewhere in Mapo District, right?”
“Mangwon Town in Mapo District to be exact . ”
“Did you lease it with a monthly rent?”
“Yeah . It has two rooms . The security deposit is 10 million won with 500,000 won of monthly rent . ”
“You are paid 3 million won per month, right?”
“Right . After tax, I’m taking about 2 . 7 million won home . ”
“You said you are still paying for your debt . With the payment for the debt and for the rent, nothing much would be left . ”
“Well, my wife is making money now . We are doing okay . ”
“I went to the book café the other day to have coffee, and I met your wife . She looked calm and stable . ”
“Calm? Well, she is moody . She used to write poetry; maybe that’s why she is so moody . We both were working as an editor when we first met . We started living together without a formal wedding ceremony . ”
“Hmm, yeah, I think you told me about it before . ”
“We were separated for a while, and I didn’t want to restart our relationship like this . But we were both suffering from financial difficulties, and we decided to live together again and relied on each other . I once asked her what her dream is . She said that she wants to wear a wedding dress . ”
“Ha, really?”
“Anyway, so what did you want to talk to me about? What is GH transportation?”
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“Well, I want to establish a transportation company that handles certain freight . ”
“Transportation? Like delivery or shipping service?”
“Not for any goods though . I want a company that handles freight only for companies not for individuals . I’m planning to grow that company gradually . ”
“You will need a good connection with companies that require freight service then maintain a steady stream of clientele . ”
“As a start, the company will have two freight trucks . It will handle Dyeon Korea’s shipment work . The company will grow as it adds more clients . ”
“I see . So the company already has a client . And Dyeon Korea is the only client for now . ”
“The founder of Hanjin Group—Joong-Hoon Cho—started his company with two trucks as well, even though his granddaughters are ruining his company now . ”
“Passenger transportation is safer than freight transportation as far as revenue is concerned, I guess . I’ve never seen an express bus company go bankrupt, have you? Intrcity bus companies are getting a subsidy from the government . That’s why there is no passenger transportation company on the market for sale . On the contrary, the market for freight transportation is very competitive . Well, as long as you have clients, you should be fine though . ”
“I’m actually thinking of expanding the service to other countries too if I can’t find enough clients nationally . ”
“International shipment?”
“Yeah . Dyeon Korea’s market is not limited to Korea . It can sell its products to Southeast Asia as well . The transportation company will expand its market as Dyeon Korea will . ”
“Hmm . ”
Jae-Sik seemed to have a lot to think about .
“Let’s have some coffee before it gets cold . ”
“Why don’t you acquire an already-established transportation company? Rather than forming a new one? Many transportation companies are owned by an individual, so I don’t think it’s expensive to acquire . ”
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“Is there any company on the market for sale?”
“There is a company that our publishing company has worked with . The owner hasn’t officially registered the company as a business entity, but he is just an individual running the service . I heard he said the other day that he wanted to sell his company . ”
“Really? Where is that company located?”
“It’s in Paju City . But since that company handles the shipment of books, they must have a storage space . If he is renting the storage, then that’s good . But if he owns it, it will cost more to buy it from him . Shipping companies that handle a publishing company’s books usually are not making much . So, my guess is that he is probably renting the storage . It only takes one storage space, one forklift truck, and two freight trucks . Some owners drive the truck themselves . ”
“Can you get more information on that company? You don’t have to worry about the acquisition cost . ”
“Are you serious?”
“Yeah, I’m serious . We don’t have much time though . The executive officers already started talking about getting a freight truck for Dyeon Korea . That transportation company already has clients in the publishing industry . If we add Dyeon Korea to its list of clients, I believe you can make your salary by running it . ”
“By the way, people usually don’t say ‘transportation service’ when it comes to handling work for companies like Dyeon Korea . ”
“What do you say then? GH Transportation Company doesn’t sound good?”
“We say ‘logistics’ instead . I guess that’s because it focuses on the overall service that they provide, not just shipment . We used to call it ‘express’ in the past, but now we call it ‘logistics’ . ”
“Hmm, then we call our transportation company ‘GH Logistics’, huh?”
“That’s right . That sounds more like it . ”
“GH Logistics… I like it . ”
“Okay, then I will talk to the owner of that transportation company in Paju City . ”
“Don’t forget to see your wife before you leave . ”
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“You know I live with her, right? I see her every day at home . ”
Jae-Sik Moon walked out of Gun-Ho’s office . He seemed excited .
In the evening, Gun-Ho received a call from Jae-Sik Moon .
“It’s me, Jae-Sik . ”
“Did you have a chance to talk to the owner?”
“Yes . That company in Paju City has two employees, and it’s a sole proprietorship . The storage is rented . He currently has two freight trucks and one forklift truck . Since he stores books mostly in the storage, a thermo hygrostat is installed there . ”
“Did you ask him about the price?”
“He said he wants 150 million won . It’s obviously a rip-off . ”
“I guess he will include the list of his clients . ”
“It seems that he has only fifteen clients . The books he has in his storage are owned by publishing companies, not him . ”
“He is storing them for his clients, I guess . ”
“Yes . He charges the clients with some small fees to store their books in his storage . ”
“I will go meet him tomorrow . ”
“Can you come in the afternoon? I have some editing work that I have to finish in the morning . ”
“Sure . I will see you tomorrow afternoon then . Let the owner know that we are coming to see him tomorrow . ”
Gun-Ho wanted to register the transportation company as a business entity after acquiring it from the owner . And it would provide exclusive transportation service to Dyeon Korea . GH Mobile had its own transportation department with truck drivers and they were employees . So, it wouldn’t be able to include GH Mobile as its client, at least for now .
“Jae-Sik Moon might not be able to handle manufacturing work, but I guess he can handle a transportation business . ”
Gun-Ho made a phone call to President Jeong-Sook Shin .
“Chief Editor—Jae-Sik Moon—will have to leave GH Media soon . ”
“Sir? Why?”
“I’m opening a transportation company, and I want him to work there . You might have felt a bit uncomfortable working with my friend in GH Media . ”
“Not at all, sir . He has been very helpful . ”
“Well, I’m letting you know this now, so you can prepare to fill up his position . ”
“Okay… I will do that . ”
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