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Published at 9th of May 2020 08:05:04 PM
Chapter 479: 479
That day, the business tour group visited a governmental office . It was either India's Chamber of Commerce u0026 Industry or the Small and Medium Business Administration . The workers there looked definitely cleaner and more elegant than the people on the street . The women there looked gorgeous and sophisticated . Inside the building was cool as well with the air conditioner while it was really hot outside .

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"This meeting room is huge . "

"It seems that it could accommodate not only 25 but more than 30 people . "

A female staff member brought some cookies and tea . She had very long eyelashes, and she had a very exotic and impressive look . When the head of the office came into the meeting room, all of the Indian workers quickly stood up . While watching the workers' attitude and manner toward their boss, Gun-Ho realized that the work environment in India must be authoritarian .

'Having a good connection with a high-ranking official here must be very useful in doing business in this country . '

The head of the office with a tummy bulge started speaking . He certainly looked arrogant .

"Haryana, which is close to Delhi, is constantly growing, and we welcome foreign investment here . "

After giving a brief speech recommending an investment in Haryana, the head of the office left the meeting room abruptly . Because Gun-Ho missed the opportunity to give the gift to him due to his sudden leave, he left the gift with someone who looked like the second rank in the office .

The street was filled with people; it looked certainly overcrowded . People were selling a huge pancake on the street, which was the size of a tray . There were also many three-wheeled rickshaws seen, which seemed to be used as a taxi there . Gun-Ho heard constant honking of the vehicles that slithered their ways through the crowd .

"They just don't quit honking . "

"That pancake looks delicious . "

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Cows without a bridle were everywhere . They were just walking around on the street .

After lunch, they visited one more place . It was a small company with 200 employees . The business owner looked apparently tired .

"I opened this business just because the labor cost is cheap here . "

"How much cheaper is it?"

"In China, we need to pay at least 600,000 won per person considering the recent increase in the exchange rate . But here, we pay less than 200,000 won . "

"Hmm, that gives a big advantage to have a business here . "

"Moreover, the population below 25 years old takes up 47% . So, there are plenty of quality laborers . "

"What about the rent? How much do you pay for this factory?"

"India is a huge continent, but there are so many people too . So, the price of land is expensive, and it keeps increasing . "

Gun-Ho could see the feeling of solitude from the business owner's face .

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Gun-Ho handed the prepared gift to him and cheered him up .

"You are doing an incredible job here, far from your country . I truly mean it . "


"I just couldn't see a better opportunity in Korea . I've been in India for five years now . I sometimes felt that I was beating my head against the wall . I just kept trying and worked hard . "

Gun-Ho recorded the data such as the factory rent, average labor cost, utility fees, etc . before walking out of the company .

'If someone has to come here to work from Korea, he should come with his family . Being here by one's self must be extremely hard . '

The country of India seemed to have a lot of opportunities since there were so many people, and the country hadn't fully developed yet . The market that Gun-Ho would enter must be large .

On the third day, the group was guided to the famous tourist spot—Taj Mahal . It was located in Agra City . They headed to the southern part of Agra City by the tour bus . The road became narrower at some point, and it became a two-lane road .

"There is no white or yellow line on this road . "

"Whoa, it's a camel . There is a camel . "


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On the way, the group could spot camels loaded with cargo . A two-humped camel was so tall that it looked even more elegant compared to the wagon pulled by horses or cows . A group of camels proudly passed by the bus with large cargos on them .

"What is that? Is it a cat? Or is it a monkey?"

On the concrete fences of houses along the roadside, a few animals were jumping around . At first, they looked like cats, but they were actually monkeys .

"We haven't arrived at our destination yet . I guess the Taj Mahal is far . "

"That's because we can't speed up . "

After three hours of driving, they finally arrived at the Taj Mahal . The mausoleum was being guarded by soldiers with guns . The construction of the mausoleum was built by the Mughal emperor in missing his queen .

On the way back from the Taj Mahal, Gun-Ho thought of various things on the bus .

'Many Korean companies are already in India . There are Hyundai, Samsung, and their vendor companies . If GH Mobile or Dyeon Korea enters the market here, I at least won't lose money . Egnopak's president wants GH Mobile to expand its business here with them since it's more useful for his business, rather than Dyeon Korea . However, President Song doesn't think it's a good idea for GH Mobile to expand its business at this point where we want to stabilize the company financially in order to successfully register with KOSDAQ . He strongly argued that we have to expand the business after we go public .

It is true that entering a new market will exhaust our funds in reserve . President Song's opinion is very understandable because it's very important to reduce our debt-ratio in order to go public successfully . However, Dyeon Korea has a different situation . It has no debt, and it has enough cash in reserve . If we want, we are more than ready to invest in a new market . Additionally, for Dyeon Korea, we need a sales company here, not a manufacturing factory, just like Dingding's sales company in China . We will just need storage and an office space . It won't require a substantial amount of investment funds . The only problem is transportation fees since we will have to ship the products from Korea to India . We won't manufacture products here . '

Gun-Ho decided to skip the tour in Tamil Nadu; its capital was Chennai .

'Factories there should be the same as the ones here . I don't think I will see anything different or new . '

When Gun-Ho came back to Korea from his trip to India, he talked with President Song .

"It seems to be a good opportunity for us to enter the Indian market; however, it will cost us a lot . We will need to pay the security deposit for a factory in a lump sum, not to mention the cost of equipment . We will need at least 300 million won to start . "

"I agree with you . Egnopak has its own factory in Haryana already . They have experience in running a business there, but we are different . We will have to start from scratch with no experience in the Indian market and business environment specifically . "

"That's true . It's easy for them to open another factory in Chennai since they already have one in Haryana . "

"Are you going to tell Egnopak's president that this is not a good time for GH Mobile to enter the market?"

"I think we shouldn't give up the Indian market . It is definitely a rising hot market . I think that until we are ready, we can gain our expertise there . "

"I'm with you, sir . "

"Let's send Dyeon Korea there first . We can send Dyeon Korea's Interpreter Lee . "

"Interpreter Lee has extensive work experience in a company . I'm sure he will adjust well there . But, we want to give him a position at least as a manager . We are putting him back to the field where he used to work prior to his retirement, and usually, people want at least his last level of position before retirement . "

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