Chapter 374 - Joint Venture’s Board Meeting (4) – Part 1
Chapter 374: Joint Venture’s Board Meeting (4) – Part 1
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.”
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.”
“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.”