Story of a Big Player from Gangnam - Chapter 542
Chapter 542: A Group’s Secret Proposal (3) – Part 1
Gun-Ho came home a bit earlier than usual that day. After dinner, he took a walk at Yangjae Riverside which was in a close distance from his home.
“Maybe I will walk until I reach Hakyeoul Station.”
While walking around at Yangjae Riverside, Gun-Ho thought of the conversation he had with A Electronics’ CEO Park earlier that day.
‘GH Mobile is aiming at the sales revenue of 90 billion won for this year. I’m sure we can reach 100 billion won by next year. Regardless of whether the company would be successfully registered with KOSDAQ or not, we will soon reach 200 billion won of the sales revenue as it continuously increases every year. We made 7% of the operating profit last year with a net profit of 2.9%.
As the sales revenue keeps going up, the operating profit will increase to around 10%. Because of our debts, we couldn’t generate good net profits so far. Once we pay enough for the debts, our net profit will be at least 6%. That means the net profit will be 12 billion won. 15% of 12 billion won is around 1.8 billion won.
Is 1.8 billion won considered a useful amount in politics? I don’t know anything about politics, but I believe it would be at least helpful. I just can’t understand why people do politics by spending their money? Are they getting enough return?
Assuming the sales revenue increases to 500 billion won, the net profit of 6% would be 30 billion won. 15% of 30 billion won is 4.5 billion won… Making 4 to 5 billion won annually after investing 750 million won is a jackpot. What about me? How much would I make? I will still own 82% of the company which would make my share 24.6 billion won! Maybe I don’t need to have my company go public after all? Well, maybe I should. The price of the company’s shares will increase once the company goes public.’
Gun-Ho almost stumbled and fell while taking a walk and getting lost in thought at the same time. He had to return home without making a firm decision yet. When he arrived home, he noticed that the lights in his condo were on.
‘Did I leave all the lights on when I left home earlier?’
“Oppa!”
“Huh? Who is this? Is it my honey? What are you doing here on a weekday?!”
Surprisingly, Young-Eun was sitting at the table having a cup of tea.
“I just came back from the hospital.”
“Hospital? Of course, you were at the hospital. You work there.”
“I had a physical checkup today.”
“A physical checkup? Are you feeling sick?”
Young-Eun jumped and abruptly hugged Gun-Ho’s neck.
“Huh? What is this for?”
“Me… I’m pregnant!”
“What?”
“I had a blood test and ultrasound today, and it was confirmed that I’m pregnant.”
“Really?”
Gun-Ho lifted Young-Eun’s body in excitement, and said, “Well, you actually gained some weight already.”
“Hahaha, that’s not because I’m pregnant. I did actually gain some weight recently.”
“How did you know you might be pregnant?”
“I missed my period, and I had to go to the bathroom pretty often. I also was feeling like I caught the flu or something. So, I thought maybe I was pregnant.”
“That’s why you went to see a doctor, to get a pregnancy test?”
“I tested it myself at home first with Wonfo Tester, and it gave me two blurry lines. So I quickly went to see a gynecologist to verify that I was really pregnant. I’m actually two months pregnant.”
“How big would it be?”
“There is only a baby’s house now.”
“You did a great job.”
Gun-Ho bombarded Young-Eun with his endless kisses on her cheek with a loud kissing sound.
Since Young-Eun was pregnant, Gun-Ho and Young-Eun decided to sleep in a separate room. Moreover, Young-Eun had to go to work early the next morning since it was a weekday not a weekend.
Gun-Ho again thought of what A Electronics’ CEO Park had told him while laying down on his bed.
‘Maybe things will turn out great. Young-Eun is pregnant, and maybe it’s a sign telling me that everything will work fine. Well, I will accept CEO Park’s proposal without giving him a hard time. I will take it as he suggested.’
It was morning. Gun-Ho woke up, but he closed his eyes again trying to sleep more. When he sensed someone’s presence, he opened his eyes. Young-Eun was in the room where Gun-Ho had slept in. She was wearing a business suit. Young-Eun said after giving Gun-Ho a kiss on his cheek, “I have to go now. I cooked soup for you. Have your breakfast before you go to work, okay?”
“Okay. Have a wonderful day. I’m still sleepy. I think I will stay in bed for a while. Take care of yourself!”
Young-Eun rushed into the front door to leave. It seemed that she was late for work.
Chan-Ho arrived at Gun-Ho’s place earlier than usual. Gun-Ho had to get up earlier than he wanted and go to work without having the breakfast that Young-Eun prepared for him.
“Sir, we are heading to Jiksan Town today, right?”
“Hmm, let’s go to Siheung City. President Moon will be there today.”
When Gun-Ho arrived at GH Logistics in Siheung City, President Moon was explaining something to Gun-Ho’s brother-in-law with some documents on the table. Gun-Ho’s sister was listening to President Moon attentively while sitting next to her husband. President Moon had handed over all the work earlier, but it seemed he missed a few of them.
“Is there some missing work that you hadn’t handed over to my brother-in-law?”
“No, I completely handed it over to him. He just has a few questions for me, so I was explaining them to him.”
“When did you get back from your honeymoon trip, Mr. President Moon?”
“I came back the day before yesterday. I stayed at my old place in Mangwon Town yesterday.”
“You haven’t placed that home on the market yet, have you?”
“My wife will officially put it on the market after two months. I will leave for China first, and I want her to stay here until I set up basic stuff there, she will then join me.”
“Will she still go to work at the book café in Sinsa Town then?”
“I think so. She already gave President Shin her resignation letter, but she will be working there until President Shin finds someone to fill her position.”
“Once you arrive in China, our joint venture partner—the transportation company—will make a room reservation in a hotel for you. You will need to stay there for a while.”
“They are not going to find me a place to live right away?”
“They will wait until they receive the investment funds that I would be sending to them. They won’t spend their own money to get you a place to live.”
“Hmm, really?”
“When you leave, I will give you the amount of money that you can use for the living expenses for the next three months. That amount will be recorded as an expense for the business trip. It will be about 5 million won. Exchange that amount with Chinese Yuan before you leave. And, pursuant to our joint venture agreement, I will send 50 million won to China within a week. Once you arrive in China, send me the bank account information.”
“Once you send 50 million won, will they find me a place to live?”
“I don’t know. They will have other places to spend that money since they will need to launch the project too, which will cost them some money. If it costs them more than what I send, you will need to wait longer to have your own place. It all depends on how things would turn out on their side. However, I want you to keep asking them to find a place to live in the meantime. And, when you do, do it in a polite and respectful way.”
“Okay, I will do that.”
“Within the next two months, I will send an additional 450 million won to China.”
“Yeah. I’m aware of it. I read it from the joint venture agreement.”
“Once they receive the 450 million won of my investment funds, they will decorate your office as the president of the joint venture company and get your own place to live. They will also get you a vehicle. And the intercity bus service business will finally start. Well, there should be some variation in how they proceed with all these depending on the types of business and geographical areas, but that was what happened when I started the joint venture with Kunshan City.”
“Now, I have a rough idea of what to expect when I arrive in China.”
“Are you leaving in three days?”
“I will leave on Monday.”
