503 Terminal Business (3) – Part 2

Gun-Ho continued to talk with Jae-Sik Moon about transferring the farmland that he bought with Jae-Sik's name to GH Logistics.

"I can put my personal funds of 3 billion won into GH Logistics like I'm lending it to the company. After the sales contract is signed, I will deposit 3 billion won in your personal bank account. You then withdraw that amount and send it back to my personal account."

"Hmm."

"We then put up the land for sale—the farmland and the 980 pyung large land that GH Logistics' office building is on. So, we put the total of 5,080 pyung large land on the market."

"That's right. The auto repair shop that we purchased at the very beginning was on the 980 pyung large lot. We then purchased a 1,500 pyung large land and then a 2,600 pyung large parcel of land. So, it makes the entire land 5,080 pyung large."

"After completing the land use conversion, it will become a big parcel of land for factory use. I'm sure we can sell it for at least 6 billion won."