Chapter 241 - Egnopak’s President is Furious (3) – PART 2
Chapter 241: Egnopak’s President is Furious (3) – PART 2
“That’s why Egnopak’s president is furious because he lost the opportunity to do a joint venture with Lymondell Dyeon after all. He even called me and screamed with cursing words on the phone, then he said I was an arrogant jerk. If he wanted to vent his anger in the deal break with Lymondell Dyeon, he’d better do that with Lymondell Dyeon and not me. He was very rude and unreasonable to me first, and now he is telling people that I am the one who is arrogant and not a decent person. That’s preposterous.”
“Is that all true?”
“You can do your own investigation by quietly meeting with the workers from Egnopak and GH Mobile, and see which president is really a bad person. There is even a rumor about Egnopak’s president’s sexual misconduct.”
“Sexual misconduct?”
“I heard that when I attended the meeting for business owners in Chungnam Province the other day, held at Onyang Hot Spring Hotel. I heard his sexual misconduct was committed against a female secretary.”
“I heard you, President Goo. I will summarize what I just heard from you and make a report to our president. By the way, so you really will have a joint venture with Lymondell Dyeon? With GH Mobile?”
“We haven’t signed on a formal contract yet. We signed a letter of intent last time. They already visited our factory in Korea.”
“So, they already visited your factory and the land for a new factory is ready. I guess you will make a contract soon. GH Mobile is awesome. It is not even a big company. It is incredible that you will start a joint venture with a global enterprise like Lymondell Dyeon.”
“The economic newspaper already covered about our joint venture with Lymondell Dyeon.”
“Really? I haven’t read a newspaper for a while. Well, I do congratulate you on the joint venture. And I will give a report to our president.”
“Mandong Company and our previous company— Mulpasaneop have worked together for a long time. We do want to keep our relationship as such in the future as well. I hope you and the president of Mandong Company understand the situation fairly.”
“I heard what you said, President Goo.”
Gun-Ho received a call from Min-Hyeok Kim and he said he made a contract with a new customer— another window manufacturing company.
“Did Seukang Li introduce the company again?”
“No, actually, the president of Jinxi Construction Company— Chinkkweo Seon introduced this company to us this time. I guess the cosmetics gift you gave to him last time was effective.”
“Haha. I doubt he would do that for a gift.”
“Okay, go ahead.”
“I verified the building’s design drawing with the Director Yoo person. I couldn’t take that drawing with me since the building is still theirs.”
“That makes sense.”
“I found cracks in several places. If we acquire that building, we will have to fix those areas. We also need to replace the guardrail at the emergency exit on the 4th floor. Water is leaking in the basement, and that should be addressed as well. Other than that, I haven’t seen any other problems.”
It was Jong-Suk-Park’s turn to make a report.
“The boiler room was fine. Some of alarm bells are out of order though. The machine in the basement parking lot is not working. The elevator works well and it seems that they recently fixed it. I didn’t see any other area to be fixed.”
“Okay. Thank you all.”
Gun-Ho started thinking while sitting at his office by himself after the three workers left the office.
“Should I acquire that building with my 40 billion won?”
Gun-Ho calculated with his electronic calculator.
He still couldn’t decide whether he should or he should not buy that building. He made a phone call to the bank branch manager in Gangnam.
“If I decide to acquire a building in Sinsa Town, which is priced for 200 billion won, can you support me 65% of the price?”
“I will have to discuss it with our head office first before I could give you the answer.”
“Why don’t you talk with your head office and get back to me?”
Gun-Ho made a phone call to the building owner— President Park.
“I will give you 90% of the appraised value.”
“I can’t sell you the building for that price. I have to make something out of the sale, right?”
“I can’t bring more funds on the table.”
“Then we have no deal.”
“Okay.”
Gun-Ho hung up the phone, and he hadn’t made a phone call anymore to President Park for a while. President Park hadn’t called Gun-Ho either.
Gun-Ho received a call from the bank branch manager in Gangnam.
“I talked with our head office. We can lend you 60% of the appraised value of the building.”
“That means I can’t buy that building.”
“Instead, Gangnam Capital which is one of our group will support you the other 5%. That will make 65% loan that you initially requested.”
“Capital gives a loan at a high-interest rate.”
“That… nothing much I can do about it.”
Gun-Ho made a phone call to Chairman Lee in Cheongdam Town.
“Have you met with President Park?”
“Yes. I offered him 90% of the building’s appraised value, and he rejected the offer.”
“90% should be enough. He shouldn’t ask more than that. He probably wants to take the building with him when he dies.”
“He said, he won’t make any money if he sells his building for that price.”
“Hmm, really? Let me talk with him.”
Chairman Lee hung up the phone.