700 Employee Stock Ownership Plan (1) – Part 1

Gun-Ho received a call from his sister. She said that she would need to buy more trucks for GH Logistics.

"GH Mobile and Dyeon Korea, each of them requested us two additional 4-ton trucks to handle their recently increased product orders. My husband went to GH Mobile and Dyeon Korea this morning. Their general affairs directors asked him to come and visit them to discuss it."

"Is that right?"

"So, we already took out a loan from the bank using our office building as collateral."

"There was no problem taking out the loan?"

"Not at all. The loan process was simple and easy."

"Are you going to buy new trucks with cash?"

"Of course not. My husband has a friend who is selling used cars. We are going to buy used trucks from him on installment."

"That's good. That way, you won't have to use a large amount of money at once, huh?"

"No, we won't."

"How many trucks do you have now?"

"If I include those 4 trucks that we will bring in soon, it will be 31 trucks. We have 27 right now."