Chapter 503
Gun-Ho continued to talk with Jae-Sik Moon about transferring the farmland that he bought with Jae-Sik's name to GH Logistics .
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"I can put my personal funds of 3 billion won into GH Logistics like I'm lending it to the company . After the sales contract is signed, I will deposit 3 billion won in your personal bank account . You then withdraw that amount and send it back to my personal account . "
"Hmm . "
"We then put up the land for sale—the farmland and the 980 pyung large land that GH Logistics' office building is on . So, we put the total of 5,080 pyung large land on the market . "
"That's right . The auto repair shop that we purchased at the very beginning was on the 980 pyung large lot . We then purchased a 1,500 pyung large land and then a 2,600 pyung large parcel of land . So, it makes the entire land 5,080 pyung large . "
"After completing the land use conversion, it will become a big parcel of land for factory use . I'm sure we can sell it for at least 6 billion won . "
"Whoa! 6 billion won?!"
Jae-Sik did his math about the transaction involved in those three parcels of land .
'Gun-Ho started by purchasing the 980 pyung large automobile repair shop for 2 billion won . Since it was located on the main road, it was kind of expensive . He then purchased the farmland adjacent to it for 900 million won . It was 1,500 pyung large . He additionally acquired the landlocked property behind the auto repair shop for 1 billion won . So, he spent 3 . 9 billion won in total to buy those three parcels of land . It then cost him 400 million won for taxes and fees and an additional 100 million won for the agency fee and stuff . Therefore, he invested 4 . 4 billion won, and he will sell the land for 6 billion won? Wow .
If he successfully sells the land for 6 billion won, he will make 1 . 6 billion won without really doing anything . I'm not sure how much income tax he has to pay for the transaction, but he will at least take 1 billion won in cash . Wow . This is how he accumulated his wealth so far . He is really smart . I thought Byeong-Chul Hwang, who was ranked number one in the class in high school, was the smartest one among us, but I guess Gun-Ho was way smarter than him'
Jae-Sik took a moment before asking Gun-Ho, "Are you going to close GH Logistics?"
"As long as it doesn't lose money, I don't have to close the business . "
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"But you're going to sell the place . "
"I can move its location . We can lease a place for the business, and if the company generates enough profits to pay for all the operating expenses, we don't have to close it . "
"Where are you going to move it to?"
"I haven't decided yet . "
"Do you have anyone in mind who would run the company?"
"I don't know . I think we will need someone who has experience in the transportation field . "
"I think Dyeon Korea's Director Kim would do an excellent job in running GH Logistics . He is very good at communicating with potential clients and workers . "
"Haha . Then, who's going to do the sales work for Dyeon Korea?"
"Haha . I'm just saying . "
"You said that we currently have 27 trucks in GH Logistics, right?"
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"Yes . "
"What about the sales revenue? Is it generating 100 million won per month?"
"More or less . "
"Hmm . Its monthly sales revenue is not even half of GH Development's daily sales revenue . "
"Haha . You can't compare with GH Development . "
Jae-Sik was wondering how much Gun-Ho would give him for borrowing his name in acquiring and selling the land .
'Gun-Ho told me earlier that he would share some profits with me since he used my name for the transactions . I wonder how much that would be . Several million won? Several tens of millions of won? If he doesn't say anything about it, should I ask him? Will he feel uncomfortable if I ask him about it? Should I decline his offer? But, it's commonplace to get paid if someone used another person's name in doing business . My dad once let someone use his name in purchasing a condo, and he got paid several million won for it .
And this is not a condo, but it is a huge land . I guess he would pay me more than several million won . '
When Jae-Sik was lost in thought, Gun-Ho asked him, "What about the current workers in GH Logistics? Do you see anyone who can run the company?"
"Nah, I don't think so . The male worker is good at auto repairing, and he has some experience in the field, but I have no idea how good he would be in business and management . Moreover, he is too young . If a young person runs a company, the truck drivers wouldn't listen to him . "
"I can't think of anyone from GH Mobile or Dyeon Korea . "
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"Of course, they are doing well in a large company, and they have no reason to take a position with a small company like GH Logistics . "
"Do you remember my sister?"
"Of course . Your sister was a proud lady when we were in high school . She looked down at us at that time . "
"Haha, she did?"
"Do you know what she said when I went to your house?"
"I don't know . "
"She described me to you like a boy who just woke up . I overheard that . "
"Haha . She said that? Well, you did look like someone who just woke up back then . "
"Did I really?"
"She was a very good student in high school, but she couldn't go to college because of our family's financial situation . My parents sent me to college instead just because I am their son . At that time, my dad had no job . "
"Hmm . Yeah, I think I heard of it . "
"She started working in a factory, and she met her husband there, who was working in the logistics department . They are doing okay now . "
"I saw your sister at your wedding . Your sister looked fine and happy . Her daughter was very cute . I talked to her, but she didn't seem to remember me though . "
"You should have described yourself to her as the boy who just woke up . "
"Haha . That's right . I should have . "
"My sister is living with my parents right now . "
"Oh, I see . "
"Her husband is driving a truck, his own truck . He transports liquors like soju and beer with his truck . "
"Really? You need a wing-body truck to do the transportation work with beer or soju, and it costs 100 million won to get a truck like that . The drivers make an okay sum of money if they own their trucks . I once thought of doing that job . Oh, you know what? Maybe you should ask your brother-in-law to take over GH Logistics . "
"I don't know . "
"He should be in his 40s by now, right? That's a good age to deal with truck drivers . He has work experience with a logistics business, and he is driving a wing-body truck . That's perfect . He is in the transportation business . He should have connections with a lot of truck drivers . "
"I've been trying to avoid getting my family involved in my business, so I haven't really talked about my business with them . "
"You would feel better if your brother-in-law runs a company rather than just driving a truck . You are a big player from Gangnam . It looks better that way . If your brother-in-law takes the company, I would feel relieved, and I would be able to focus on the work in China . "