Chapter 402 - Date at Fortress Wall of Seoul (3) – Part 1
Jae-Sik Moon ran across the landowner of the neighboring farmland at a supermarket.
“What did you get?”
“I needed soaps.”
“You don’t see any oil flowing into your land lately, do you? We are not an auto repair shop, and there is no reason to spill any oils because we don’t use oils.”
“Do you live there?”
“Yes, I stay there during weekdays. My home is in Mangwon Town. It’s a bit far to commute so I only go home for weekends.”
“That’s why you are here at this hour to buy soju, huh?”
“Right. I’m feeling bored there alone after work. You know what? Why don’t you come over to our building? I will show you around. If you haven’t had your dinner yet, let’s have dinner with me. We can go to the restaurant over there.”
“Well, I don’t know…”
“Sir, my residency is registered in this town. I am a local here too. Let me buy you dinner.”
Jae-Sik Moon dragged the landowner’s sleeve.
“Haha.”
The landowner didn’t reject Jae-Sik’s offer.
Jae-Sik and the landowner went to the restaurant across the supermarket. Jae-Sik ordered spicy stir-fried pork dishes with a bottle of soju.
“I heard you are the president of that company. You have been in the transportation field for a while?”
“Well, that takes a long time and high taxes will be imposed.”
“That’s true, but it’s almost guaranteed to make a fortune. People with enough money will be interested in it.”
“Well, thank you for having dinner with me today. I will talk to the person if he is interested.”
“Did you say your last name was Moon? President Moon, you have such low alcohol tolerance. Let’s have one more bottle of soju before we call it a night.”
Jae-Sik thought the old man seemed to be having a good time with soju.
Jae-Sik made a call to Gun-Ho.
“I had a drink with the landowner of the farmland next door yesterday.”
“That’s nice. So, did you make an offer to buy his land?”
“It seems that he needs money for his son’s business. He is asking 600,000 won per pyung. The entire property is 1,520 pyung large, and it’s 912 million won.”
“Did you look at its real estate registration?”
“Yes, I did. The property is combined with two parcels of 420 pyung and 1,100 pyung. The large one is being used to secure a loan of 150 million won with Nonghyup Bank.”
“I guess he borrowed that money for his son, huh?”
“He said that when he was younger he was a farmhand around this area.”
“That sounds plausible. Since he has been around for a long time, he must have information about real properties there and saved enough money to buy some. The price of the land in that area was very low thirty or forty years ago.”
“Once he sells his property, he wants to give some to his children and buy a condo in Pyeongtaek City with the sales proceeds.”
“That sounds like a good plan. Since he has a loan with a bank, he is paying for the interest. In the old days, it was possible to make enough money to provide for and educate their children by farming, but those days are gone.”
“Yeah, and farming is hard labor.”
“The farmers over there must be very rich these days, right? That old man would make 900 million won once he sells his property. Think about our parents. They had worked and saved money in their entire life, but they didn’t even have 200 million won in hand to buy a condo.”
“Yeah, tell me about it.”
“Let’s make an offer for 900 million won since he priced it for 912 million won. Use the fund in GH Logistics’ bank account to make a sales and purchase contract for now. I will send the fund once the contract is made.”
“Okay.”
“And make sure that you get a realtor involved in making the contract even though we have to pay the realtor fees.”
“Okay, I will.”