Chapter 357: GH Logistics (1) – Part 2


    Gun-Ho asked Jae-Sik,


    “You said you are living somewhere in Mapo District, right?”


    “Mangwon Town in Mapo District to be exact.”


    “Did you lease it with a monthly rent?”


    “Yeah. It has two rooms. The security deposit is 10 million won with 500,000 won of monthly rent.”


    “You are paid 3 million won per month, right?”


    “Right. After tax, I’m taking about 2.7 million won home.”


    “You said you are still paying for your debt. With the payment for the debt and for the rent, nothing much would be left.”


    “Well, my wife is making money now. We are doing okay.”


    “I went to the book café the other day to have coffee, and I met your wife. She looked calm and stable.”


    “Calm? Well, she is moody. She used to write poetry; maybe that’s why she is so moody. We both were working as an editor when we first met. We started living together without a formal wedding ceremony.”


    “Hmm, yeah, I think you told me about it before.”


    “We were separated for a while, and I didn’t want to restart our rtionship like this. But we were both suffering from financial difficulties, and we decided to live together again and relied on each other. I once asked her what her dream is. She said that she wants to wear a wedding dress.”


    “Ha, really?”


    “Anyway, so what did you want to talk to me about? What is GH transportation?”


    “Well, I want to establish a transportationpany that handles certain freight.”


    “Transportation? Like delivery or shipping service?”


    “Not for any goods though. I want apany that handles freight only forpanies not for individuals. I’m nning to grow thatpany gradually.”


    “You will need a good connection withpanies that require freight service then maintain a steady stream of clientele.”


    “As a start, thepany will have two freight trucks. It will handle Dyeon Korea’s shipment work. Thepany will grow as it adds more clients.”


    “I see. So thepany already has a client. And Dyeon Korea is the only client for now.”


    “The founder of Hanjin Group—Joong-Hoon Cho—started hispany with two trucks as well, even though his granddaughters are ruining hispany now.”


    “Passenger transportation is safer than freight transportation as far as revenue is concerned, I guess. I’ve never seen an express buspany go bankrupt, have you? Intra-city buspanies are getting a subsidy from the government. That’s why there is no passenger transportationpany on the market for sale. On the contrary, the market for freight transportation is verypetitive. Well, as long as you have clients, you should be fine though.”


    “I’m actually thinking of expanding the service to other countries too if I can’t find enough clients nationally.”


    “International shipment?”


    “Yeah. Dyeon Korea’s market is not limited to Korea. It can sell its products to Southeast Asia as well. The transportationpany will expand its market as Dyeon Korea will.”


    “Hmm.”


    Jae-Sik seemed to have a lot to think about.


    “Let’s have some coffee before it gets cold.”


    “Why don’t you acquire an already-established transportationpany? Rather than forming a new one? Many transportationpanies are owned by an individual, so I don’t think it’s expensive to acquire.”


    “Is there anypany on the market for sale?”


    “There is apany that our publishingpany has worked with. The owner hasn’t officially registered thepany as a business entity, but he is just an individual running the service. I heard he said the other day that he wanted to sell hispany.”


    “Really? Where is thatpany located?”


    “It’s in Paju City. But since thatpany handles the shipment of books, they must have a storage space. If he is renting the storage, then that’s good. But if he owns it, it will cost more to buy it from him. Shippingpanies that handle a publishingpany’s books usually are not making much. So, my guess is that he is probably renting the storage. It only takes one storage space, one forklift truck, and two freight trucks. Some owners drive the truck themselves.”


    “Can you get more information on thatpany? You don’t have to worry about the acquisition cost.”


    “Are you serious?”


    “Yeah, I’m serious. We don’t have much time though. The executive officers already started talking about getting a freight truck for Dyeon Korea. That transportationpany already has clients in the publishing industry. If we add Dyeon Korea to its list of clients, I believe you can make your sry by running it.”


    “By the way, people usually don’t say ‘transportation service’ when ites to handling work forpanies like Dyeon Korea.”


    “What do you say then? GH Transportation Company doesn’t sound good?”


    “We say ‘logistics’ instead. I guess that’s because it focuses on the overall service that they provide, not just shipment. We used to call it ‘express’ in the past, but now we call it ‘logistics’.”


    “Hmm, then we call our transportationpany ‘GH Logistics’, huh?”


    “That’s right. That sounds more like it.”


    “GH Logistics... I like it.”


    “Okay, then I will talk to the owner of that transportationpany in Paju City.”


    “Don’t forget to see your wife before you leave.”


    “You know I live with her, right? I see her every day at home.”


    Jae-Sik Moon walked out of Gun-Ho’s office. He seemed excited.


    In the evening, Gun-Ho received a call from Jae-Sik Moon.


    “It’s me, Jae-Sik.”


    “Did you have a chance to talk to the owner?”


    “Yes. Thatpany in Paju City has two employees, and it’s a sole proprietorship. The storage is rented. He currently has two freight trucks and one forklift truck. Since he stores books mostly in the storage, a thermo hygrostat is installed there.”


    “Did you ask him about the price?”


    “He said he wants 150 million won. It’s obviously a rip-off.”


    “I guess he will include the list of his clients.”


    “It seems that he has only fifteen clients. The books he has in his storage are owned by publishingpanies, not him.”


    “He is storing them for his clients, I guess.”


    “Yes. He charges the clients with some small fees to store their books in his storage.”


    “I will go meet him tomorrow.”


    “Can youe in the afternoon? I have some editing work that I have to finish in the morning.”


    “Sure. I will see you tomorrow afternoon then. Let the owner know that we areing to see him tomorrow.”


    Gun-Ho wanted to register the transportationpany as a business entity after acquiring it from the owner. And it would provide exclusive transportation service to Dyeon Korea. GH Mobile had its own transportation department with truck drivers and they were employees. So, it wouldn’t be able to include GH Mobile as its client, at least for now.


    “Jae-Sik Moon might not be able to handle manufacturing work, but I guess he can handle a transportation business.”


    Gun-Ho made a phone call to President Jeong-Sook Shin.


    “Chief Editor—Jae-Sik Moon—will have to leave GH Media soon.”


    “Sir? Why?”


    “I’m opening a transportationpany, and I want him to work there. You might have felt a bit ufortable working with my friend in GH Media.”


    “Not at all, sir. He has been very helpful.”


    “Well, I’m letting you know this now, so you can prepare to fill up his position.”


    “Okay... I will do that.”