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Published at 8th of June 2019 01:45:10 AM
Chapter 91
Manager Kang gave a report to Gun-Ho on the vacant lot in Gangdong District after he had visited the land .

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"There are two people who have ownership interests in the property . One of them defaulted on a debt, and that's why the property appeared on the auction market . "
"Do you think it is possible that they might cancel the auction?"
"There are many creditors including secured creditors, and there is a lawsuit against one of the owners to seize the land to pay the debt . So, I believe it would be very difficult to cancel the auction . "
"Hmm, I see . Oh, I forgot to tell you that the owner of the land is a 80 years old man . "
"Do you want me to find and meet him?"
"No, not yet . We can contact him after we get the property by the auction, well if we could get the property . "
"Okay . "
"Is there a tenant?"
"Yes . There is one who is running a parking lot there . Running a parking lot is understandable because if the owner leaves a good location land on the main road for example without use, the owner has to pay a high tax, called the Idle Land Tax . So, many vacant lots in a city are being used as a parking lot . That's common and recommended by the government . "
"I see . Is there any other tenant?"
"Yes, there are some people who built a temporary building on the lot and operate a fruit store, and there is another one who is running a tented cart, serving food . But those people can easily be evicted once we get the land . "
"When is the first auction date?"
"It would be next Thursday . "
"Okay . Let me know the result of the first auction . "

Manager Kang was about to sit at his desk when he asked Gun-Ho .
"Umm, sir . "
"Yes, is there anything else you want to tell me?"
"Our company, GH Development has 300 million capital, and it has assets of three OneRoomTels . Since the OneRoomTels are running in the leased buildings, we can't get a loan from a bank with these OneRoomTels because a bank doesn't consider the premium our company is holding on a OneRoomTel as collateral for a loan . "
"Are you worried about how we are going to participate in the auction to acquire that expensive land without being able to lend money from a bank?"

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"That's right . I'm just concerned . "
"Haha . You don't have to worry about money, Manager Kang . You just need to do your best in your work . "
"Okay, sir . "

Gun-Ho received a call from his mother .
"Gun-Ho? Is it a good time to talk or are you busy?"
"It's okay . How are you, mom?"
"I think you need to start thinking about your marriage . Someone wanted to introduce a very nice lady to you . That's why I'm calling you . "
"No, mom . I am not interested in marrying anyone yet . "
"You have to have children . You are getting old, son . Your dad wants to have grandkids . "
"You have Jeong-Ah . "
"Jeong-Ah is your sister's daughter . It's different . We want a grandchild from you, son . The girl I was talking about is the daughter of an elder of a church I'm attending . She is a nurse . I saw her picture . She looks cultured and classy . She is 32 years old . "

"Mom, I'm busy now . I will talk to you later, okay?"
"Gun-Ho, hold on a second! Whew, did he already hang up?"
Gun-Ho received another phone call . This time, it was from his aunt .
"Gun-Ho? I heard you are doing very well these days . "
"I'm doing okay . How's Jae-Woong? Is he doing fine with his government job?"
Jae-Woong was Gun-Ho's cousin who was two years younger than Gun-Ho . He got a level-9 government job a few years ago at the Department of Labor . Gun-Ho's aunt was so proud of him .
"Yeah, he is doing fine . He has a girlfriend, and he will marry her next year . She is working in the same department as him . "

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"Really? That's nice . "
"Speaking of which, you need to get married too, Gun-Ho . There is a really nice girl I want to introduce to you . She's the niece of someone I know . She works at a credit union . Why don't you meet her?"
"No, aunt . I'm not interested . "
"You will lose your opportunity to meet a nice girl, Gun-Ho . This girl is a bit old; she is 38 years old . She said she would take care of all house chores once she gets married . "
"Aunt, I gotta go . I have a client waiting for me . I will talk to you later . "
Gun-Ho hung up the phone and sighed .

Professor Wang called Gun-Ho . He said he would attend a northeast Asia economic forum on coming Tuesday, held in Intercontinental Hotel located in Samgsung Town, Gangnam .
"Why don't you come to the forum as a guest? It will be at Diamond Hall in the hotel . You will see and meet a lot of journalists and business people there . "
Gun-Ho thought it would be boring for him .
"Let's meet once your schedule is free so we can have fun, okay? When would that be?"
"According to the schedule sent by the forum organizer, I have no schedule on Thursday . I will do a quick shopping in the morning that day, so let's meet in the afternoon on Thursday . "
"Sounds good . I really want to see you, friend . "

Gun-Ho received another call . It was his sister .
"I hope it's not about marriage again . "
Gun-Ho was reluctant to take the call but he did anyway .
"Gun-Ho? I'm sorry if I'm bothering you . "
Gun-Ho's sister sounded down . Her voice was feeble . "
"It's okay, sister . What's up?"

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"I will have to move . "
"Again? You just moved to a new place not long ago . "
"I know . The landlord is asking us to vacate the apartment . Their son recently got married and their son wanted to move to the apartment we are renting . "
"I see . "
"So, umm… I'm not sure if I can ask you this . . . "
"Just say it, sister . "
"Whew…"
"Just say it, sister! I'm busy . "
"The apartment I'm renting right now, its monthly rent is 500,000 won with 10 million security deposit . It's really hard to find an apartment with the same price . "
"Hmm . "
"I can find an apartment with 500,000 won monthly rent, but they all are asking the security deposit of 20 million won . "
Gun-Ho thought that her sister was telling him all these details to ask him to lend her money .
Gun-Ho's sister continued talking .
"So, since Jeong-Ah is living with our parents right now, is it okay with you if we move into our parents' condo in Guweol Town just for a while? The condo has four bedrooms and some of them are not being used . I think it is better for Jeong-Ah as well to live with her parents . "
"What is your husband doing these days?"
"He is still driving a truck . "
"I told you this before . That condo is our parents' home . You need to ask them . "
"I asked them already, and they are okay with us moving in with them . But they told me that I need to discuss it with you because you are the owner of the condo . "
"I'm okay as long as our parents are okay . "
"Thank you, brother . As soon as we recover our financial situation, we will find our own place . "
"I don't mind sister . You can stay there as long as our parents are okay with it . I gotta go now . "
Gun-Ho thought over his sister's situation for a moment .
"Well, maybe it's better that way . The condo was too big for three people . My parents are getting old and they could be sick anytime soon . So, if my sister is living with them, she can take care of them . That's nice . I can now focus on my business . "

Manager Kang told Gun-Ho that the first auction for the vacant lot in Gangdong District had failed as expected .
"What is the starting price for the second auction?"
"The price drops by 20%, so that would be 3 . 6 billion won . "
"Keep an eye on it . "
"And, sir…"
"Yes?"
"I've been visiting and checking the three OneRoomTels . I think we need to get fire insurance for them . "
"Oh, I haven't thought of it . I heard the news that there was a major fire accident in a sauna and many people died . "
"That's right . "

Someone crossed Gun-Ho's mind when he was thinking about fire insurance . Gun-Ho's sister had a friend named Seung-Hee Park . She used to come to Gun-Ho's home to spend time with his sister and eat together sometimes . She was neat and cheerful .
"I heard she was divorced, and she was doing insurance sales . "
Gun-Ho called his sister .
"Sister, does your friend, Seung-Hee still doing the insurance thing?"
"Yeah, why?"
"Ask her to come to my office tomorrow . If I am not in the office, she can talk with Ji-Young Jeong here . I will buy fire insurance from her . "
"Thank you . She will be very excited . I will call her right away . "

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