97 Flavors of Life (1) – PART 2

The second auction for the vacant lot in Gangdong District failed as expected. Gun-Ho was keeping an eye on the land while waiting for the right moment to purchase it at a low price.

Manager Kang suggested Gun-Ho to participate in the third auction for the land. After having Manager Kang's report on the vacant lot, Gun-Ho asked him while looking at the calendar.

"What's the starting price for the third auction?"

"The price was 3.6 billion won at the second auction, so it will drop to 2.88 billion won for the third try of the auction."

"Do you think I should offer 3 billion won?"

"Well, since the land is held in tenancy in common and the property interest for sale at the auction is only for 50% of the full property interest, it is possible that you would be the only one bidding on the land. If that happens, I guess we can offer the same amount as the starting price."

"Let's go to the Seoul Eastern District Court together at the third auction day."

"Okay, I will."

"And, sir…"

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