Chapter 374: 374
Chapter 374: Joint Venture’s Board Meeting (4) – Part 1
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Everyone gathered at the Onyang Hot Spring Hotel for dinner . They felt relieved after the board meeting, and they enjoyed dinner with wine .
Gun-Ho said to Mr . Brandon Burke while clinking his glass of wine to Mr . Burke’s, “Since Lymondell Dyeon completed its investment in-kind now, if the joint venture company needs additional machines, we will have to purchase them . Do you provide a lease for machines?”
“A lease? Sure . You can certainly lease machines from us . ”
“Then I will need two more machines—no . 9 and no . 10 . ”
“Why don’t you send us a formal request? You can ask Mr . Adam Castler to do it, or you can purchase them on credit and pay us when you send us our portion of the profit . ”
“I guess we will soon need additional machines to manufacture enough products to cover the China and Southeast Asia market . ”
“Of course, you will . ”
Gun-Ho and Mr . Burke continued to drink their wine .
Mr . Burke said to Gun-Ho in a low voice, “If everything goes well, the joint venture will be able to register with KOSDAQ within three years . When you need to expand the business and extend the factory or purchase more equipment, think about issuing overseas convertible bonds (CB) . ”
“Overseas convertible bonds?”
“Public offering is common in the Korean stock market, but for overseas convertible bonds, a private placement is common . I recommend you use a global investment banking company such as Morgan Stanley or Goldman Sachs for issuing convertible bonds . ”
“Hmm . ”
“When the economy is not doing well just like these days, issuing domestic convertible bonds often fails . The U . S . is penetrating the Korean stock market . ”
“Of course, it can fail . I know that from personal experience . ”
“Overseas convertible bonds are, on the other hand, relatively safe unless there is an obvious default risk such as sovereign default . ”
“Thank you for your advice, Mr . Burke . ”
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“As a matter of fact, 50% of Dyeon Korea is owned by the shareholders of Lymondell Dyeon, not by me personally . However, the other 50% of it is solely owned by you, President Goo . With the procured foreign funds by issuing overseas convertible bonds, you can expand the business by establishing branch offices or subsidiary companies that generate income . ”
Other people at the table were wondering what Gun-Ho and Mr . Brandon Burke were talking about in a low voice . Director Kim asked Secretary Yeon-Soo Oh, “Can you hear what they are talking about?”
“I’m sorry, sir . I can’t interpret things that I overheard . It would be considered as a violation of professional conduct for an interpreter . ”
The dinner was over around 9:30 pm .
When Gun-Ho said good-bye to Mr . Burke in front of the hotel, he added, “Take a deep rest until late tomorrow morning by enjoying a hot spring bath here . You can come to GH Mobile by 11 am . ”
“Okay, President Goo . I guess Mr . Castler will give me a ride . ”
“Thank you for today, Mr . Brandon Burke and Ms . Angelina Rein!”
“You too, President Goo . ”
Gun-Ho walked toward the parking lot with Secretary Yeon-Soo Oh, where Chan-Ho Eom was waiting for him in a Bentley .
“Chan-Ho, did you eat?”
“Yes, sir . ”
“Do you want to spend the night here and leave for Seoul tomorrow? Or do you want to drive to Seoul now?”
“It’s up to you, sir . ”
Yeon-Soo looked worried . She said, “I have to go home today . My mom worries about me a lot . If you can give me a ride to KTX station, I can go home from there by myself . ”
“Well, let’s just leave for Seoul now . ”
Gun-Ho and Yeon-Soo Oh fell asleep right away after getting into the car . They must have been very tired . The Bentley that Chan-Ho Eum was driving was heading to Seoul . It was night, and there were not many cars on the highway . Within less than an hour, the car arrived at the tollgate to Seoul .
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“Huh? Where are we?”
When the car stopped at the tollgate, Gun-Ho woke up .
“It’s the tollgate to Seoul, sir . ”
“Oh, we are already in Seoul, huh?”
“Yes, sir . Do you want me to drop you off first at your place?”
“No, let’s drop Ms . Yeon-Soo Oh first . Her mother is worried about her . Let’s go to Apgujeong Town first . That’s where she lives . ”
“Okay . ”
Yeon-Soo Oh seemed to wake up as well . She started talking, “I was so scared when you argued with Mr . Brandon Burke during the meeting . I thought it would escalate into some serious altercation . ”
“That’s why you cried? You are the interpreter . You were supposed to interpret even while I was arguing with Mr . Burke . ”
“I was scared, sir . Mr . Brandon Burke threw out some papers on the floor furiously and you, sir, threw a bottle of water . I thought I would see a big fight . Moreover, Mr . Burke is a big man with a bald head . He sometimes looks like the head of the Mafia . ”
“Mafia? Hahaha . ”
“I’ve never seen you so angry, sir . ”
“Okay, I won’t do that again . ”
When the Bentley arrived in Seocho Town after passing Yangjae Town, Gun-Ho said, “Chan-Ho, you must be very tired . You drove all the way to Seoul at this hour . ”
“It’s okay, sir . I took a nap while you were in the board meeting . Director Kim had told me before he went to the meeting room that the meeting would be a long one . So I took some sleep in the resting area . ”
“Really? That’s good . Because of you, I could now enjoy some drinks with my dinner . I used to call a paid designated driver to get home after having a meeting with people . ”
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“Haha . You did?”
“You know what? You will see Tae-Young tomorrow evening . ”
“Tae-Young bro?”
“We are going to Hannam Town with the Americans tomorrow . ”
After dropping off Yeon-Soo Oh, Gun-Ho and Chan-Ho headed to Dogok Town where Gun-Ho’s TowerPalace condo was located . Chan-Ho asked, “Sir . ”
“Yeah?”
“I waited until we dropped off Ms . Yeon-Soo Oh . I have a suggestion to make to you . Would you consider working with Tae-Young bro?”
“For what?”
“You said that President Moon of GH Logistics handles heavy equipment as well, right?”
“That’s right . ”
“We were sometimes called to the construction site for work . ”
“What kind of work?”
“When a large building is about to be demolished, sometimes a physical fight occurs, and we are called to the scene . ”
“So you guys go there and beat the other party up?”
“No, no . We shouldn’t do that . We could end up being in prison if we do so . We just stand there and smile . ”
“Smile?”
“We just scare them off . Protesters against the building demolition usually become calm when they see a group of us with scary looks and tattoos . ”
“So you guys just stand there and the protesters give in because they feel scared by your appearance, huh?”
“Most likely, yes . ”
“What does it have to do with President Moon of GH Logistics?”
“What would be the next step after a building demolition? Heavy equipment would be called in, right?”
“Hmm . ”
“With some Ppojji, they will do a great job . ”
“Ppojji?”
“It’s a small amount of money, like an allowance money . ”
“That doesn’t sound very fair though . That means you bring some work for President Moon by pressing someone . ”
“That’s not what it is . We just introduce GH Logistics to a building owner or construction contractor and get some referral fees . It is justifiable earning . It’s like what realtors do; they charge fees for a client referred . ”
“Well, I got what you mean . I will discuss it with President Moon . ”
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