Chapter 123 - Requital (2) – PART 2
Gun-Ho lent 200 million won to President Park of YS Tech.
President Park deeply appreciated Gun-Ho’s help.
“Thank you so much, Mr. Gun-Ho Goo. You are lending me the money with a bank interest. I do really appreciate it.”
“I am sorry that I couldn’t get you a better deal for this.”
“Don’t say that. This is the best offer I could receive. I’m sure that my employees will be very happy. Mr. Gun-Ho Goo, I feel much happier when I see my employees being pleased rather than when my personal assets increase.”
“I do respect you, sir, with your noble mindset.”
“Thank you. Oh, give me your bank account number where I can send the loan interest.”
“This is a copy of my bank account. You can use this account to pay the monthly interest.”
“Here is my statement saying I transfer you all of my factory equipment if I can’t pay you back.”
Even though Gun-Ho lent his money to the president of YS Tech, he knew the company’s business wouldn’t get better.
“YS Tech won’t be able to survive without Mulpasaneop. If Mulpasaneop doesn’t stabilize its business and financial situation, YS Tech will continuously suffer, and I won’t get repaid for the money by them.”
Gun-Ho thought about the value of the YS Tech factory equipment in case the president couldn’t pay him back.
“It’s not going to be even 20 million won. However, I feel like the burden was being lifted off my shoulders. I sort of paid off the generosity the president gave me years ago.”
Gun-Ho felt good, and he hummed while driving back to Seoul.
Gun-Ho noticed that many shares of Kumho Chemical started appearing on the market for sale.
“Hmm, they started moving.”
After the positive news articles on Kumho Chemical, Gun-Ho’s estimated value of the stock became 30 billion won again. However, since he purchased the shares at a lower price, the number of shares he owned now was higher than before.
“The price of this stock will stay about the same for a while. The remaining little investors will gradually sell their stocks. Their average price per share of the stock is higher than mine.”
Gun-Ho closed the stock trading website.
“All I need to do now is to wait. The price won’t change much for at least several months from now. The people who purchased the stock on credit or with a loan will have to sell their stock sooner or later even though they would lose money by doing so. Money always takes the rich’s side.”
Gun-Ho received a text message from Attorney Young-Sik Kim at Kim&Jeong; he wanted Gun-Ho to call him.
“It’s about lunchtime. I guess it is a good time to talk with him.”
Attorney Kim’s phone rang and he answered the phone.
“Hey, it’s me.”
“What’s up?”
“Do you remember Richard from Lymondell Dyeon, who you met last time? He is visiting Korea soon.”
“Does he want to have a drink again?”
“No. This time he is visiting an automobile parts manufacturing company in Pyeongtaek City.”
“Really?”
“It seems that he is coming to visit that company to discuss the possibility of establishing a factory for Lymondell Dyeon.”
“I hope it goes well.”
“He actually wants you to come with him when he visits that company.”
“Me? Why? I have nothing to do with automobile parts stuff. I am doing a rental property business.”
“He likes the fact that you used to work at a plastic factory as a mechanic.”
“Haha. I was just a factory worker. Why is he interested in my humble factory experience? He would be able to meet with lots of engineers with Ph.D. in that company’s research center.”
“Richard has good eyes in recognizing the right people. Why don’t you join him? You will learn a lot of new stuff.”
“I can accompany him, of course; it is no problem at all. However, I’m afraid that I might not be of any help to him.”
“What about next Wednesday?”
“Okay, Wednesday sounds good.”
“By the way, aren’t you going to the golf field yet? You have been practicing golf for a year now.”
“Sure. I guess it is about the time. I will purchase a golf membership for the field.”
“A golf membership? That is very expensive. The price of the membership is in the range from several tens of millions to several hundreds of millions of won. I use the business membership of Kim&Jeong whenever I need to go to the field.”
“Is that so?”
“Let’s have a round of golf with my law firm’s membership when President Amiel comes to Korea.”
“I don’t want to impose.”
“Don’t worry about it. Amiel is a bad golf player. You can purchase your own golf membership later.”
“Okay then. Let’s do that.”