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The Famous Millionaire - Chapter 54

Published at 24th of January 2019 11:50:27 AM


Chapter 54

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Pointing to that specific part on the internet site, manager Jung explained to Hong,
"You have to take into account FTA. If you apply that, we don't have to pay any import duties. Just 0%. In fact, it means an 8% drop."
"Oh, I didn't know that. FTA!"
Hong slapped his lap as if it had come to his mind at this moment.
"Who knows? If we sign a contract that entails a large quantity of castors, we could enjoy a further drop in the unit price. As you're good at negotiating, contact them now."
"Yes, sir."
Hong looked up the phone number to contact N&C Korea.
Strangely enough, he could not find it anywhere. The only contact information was an email.
"I don't see its contact information there."
"I can't believe that. Just double check it"
However, Hong couldn't find it. Then, he clicked the section on the estimate inquiry, and he could understand why there was no contact information there.
<n&c korea="" only="" accepts="" online="" orders="" and="" estimate="" inquiries.="" if="" you="" have="" any="" other="" inquiries,="" please="" email="" us="">
Jung and Hong seemed perplexed momentarily and then murmured at the same time,
"What the heck is this company?"
"Does it want to do business or not?"
Despite such complaints, they were anxious to do business with N&C because they were under intense pressure every day to find a cheap and quality raw material, and they had to do it as soon as possible.
"Hey, Mr. Hong, just make an inquiry on the estimate cost along with the product specification. Also, leave our email address and contact number."
"Don't you think this is a ghost company? I wonder if they confirm our messages here on its bulletin board."
"We lose nothing by doing that anyway. Also, we have no other way now."
"Got it. Let me send an estimate inquiry first."
"Okay then. Try to find out other possible suppliers until you get a reply from N&C Korea."
With that, Jung went back to his desk and tilted his head, thinking,
It's understandable that they would try to reduce operation costs like that, but how can they do business like that? I wonder if I trust them or not.

***
Jang Duyong flicked the switch. The back of the chair automatically went up along with the sound of the running motor. At the proper angle, he pushed the button again to stop it. The computer was on, and the N&C internet cafe was displayed on it.
Jang was busy checking the computer monitor like this for the past two days, but there was no call or inquiry yet. There were several visitors to the internet site but no actual inquiries.
It might be the same this time, Jang thought, when he clicked the bulletin board on the estimate cost inquiry corner.
At that moment, Jang was startled to see a message that said "Inquiry about estimate cost."
He checked the message right away, which not only explained the product specification but also a quick reply.
Jang acted as instructed by his son. It was to convey a message to Mr. Na Sungji in Vietnam. He then informed Na about the inquiry, along with a reply to the message.
His reply was simple enough:
<we received="" your="" inquiry="" on="" the="" estimate="" cost.="" we'll="" reply="" within="" one="" week."="" ***="" "manager,="" we've="" got="" a="" reply="" to="" our="" inquiry."="" "rely?="" are="" you="" talking="" about="" n&c?"="" jung="" rushed="" to="" hong's="" computer="" monitor="" to="" confirm="" it.="" though="" it="" was="" very="" short,="" it="" was="" important="" to="" have="" gotten="" a="" reply="" anyway.="" scratching="" his="" head,="" jung="" said,="" "is="" that="" all?"="" "it="" seems="" so.="" we="" have="" to="" wait="" just="" a="" little="" more,="" though."="" three="" days="" later.="" opening="" his="" email,="" hong="" shouted="" in="" surprise.="" "sir,="" we've="" got="" the="" estimate="" from="" n&c="" korea."="" "really?="" what's="" the="" unit="" price?"="" "it's="" the="" same="" as="" the="" one="" we="" saw="" on="" its="" homepage.="" 30="" cent="" per="" piece."="" jung="" snapped="" his="" finger.="" if="" the="" quality="" was="" as="" good="" as="" the="" taiwanese="" part,="" he="" could="" cut="" the="" cost="" enormously.="" "place="" an="" order="" on="" the="" product="" samples="" immediately."="" at="" his="" direction,="" hong="" answered,="" scratching="" his="" head,="" "we're="" supposed="" to="" pay="" the="" shipping="" fee="" on="" our="" end="" if="" the="" order="" is="" less="" than="" 10,000.="" that's="" the="" same="" for="" the="" samples,="" too."="" with="" a="" surprised="" look,="" jung="" checked="" out="" the="" reply="" carefully.="" as="" hong="" said,="" the="" shipping="" was="" to="" be="" paid="" by="" the="" buyer,="" and="" the="" reply="" asked="" if="" the="" buyer="" wanted="" it="" shipped="" by="" a="" cargo="" ship="" or="" by="" air.="" as="" for="" the="" payment="" method,="" there="" were="" only="" two:="" prepayment="" or="" open="" a="" letter="" of="" credit="" in="" the="" local="" area.="" in="" other="" words,="" there="" was="" nothing="" n&c="" could="" lose="" from="" this="" deal.="" "what="" the="" heck="" is="" this?="" as="" the="" local="" vendor,="" how="" come="" it="" shows="" such="" a="" strong="" attitude?"="" jung="" asked="" and="" answered="" the="" question="" by="" himself.="" come="" to="" think="" of="" it,="" he="" didn't="" need="" to="" agonize="" about="" it.="" it="" would="" cost="" less="" than="" 200,000="" won="" even="" by="" air.="" given="" the="" enormous="" reduction="" in="" cost,="" however,="" he="" would="" not="" have="" to="" worry="" about="" the="" shipping="" cost.="" "order="" 200="" samples="" by="" air."="" "got="" it,="" manager."="" ***="" it="" was="" 15="" days="" after="" they="" placed="" an="" order="" that="" the="" samples="" were="" delivered="" to="" the="" blue="" factory.="" immediately,="" its="" product="" development="" team="" was="" tasked="" with="" testing="" the="" samples,="" and="" the="" results="" came="" out="" in="" less="" than="" three="" days.="" the="" samples="" successfully="" passed="" all="" the="" quality="" tests.="" the="" president="" of="" blue="" expressed="" caution,="" though.="" he="" was="" concerned="" that="" the="" quality="" of="" the="" actual="" products="" would="" be="" worse="" than="" the="" samples.="" "for="" now,="" replace="" only="" 30%="" of="" the="" necessary="" parts="" with="" the="" vietnamese="" parts.="" if="" they="" continue="" to="" maintain="" the="" quality,="" we="" can="" increase="" the="" order="" by="" 30%="" every="" month."="" "yes,="" sir."="" ***="" it="" was="" almost="" the="" same="" time="" that="" the="" samples="" were="" delivered="" to="" blue="" and="" myungsung.="" three="" days="" later,="" hyunwoo="" got="" a="" call="" from="" sangyun,="" whose="" voice="" was="" spirited.="" "hyunwoo!="" i="" think="" i="" can="" get="" a="" big="" award="" money="" this="" time."="" hearing="" his="" cheerful="" voice,="" hyunwoo="" could="" figure="" out="" that="" the="" deal="" had="" worked="" out="" smoothly.="" "the="" quality="" of="" the="" vietnamese="" product="" is="" much="" better="" than="" the="" chinese="" part,="" right?"="" "absolutely.="" in="" terms="" of="" strength="" and="" durability,="" it="" is="" much="" better.="" it="" also="" feels="" so="" soft="" that="" it="" gets="" confused="" with="" a="" japanese="" part.="" as="" you="" know,="" the="" wheel="" part="" is="" the="" most="" important="" in="" a="" handcart.="" our="" president="" called="" me="" directly="" to="" praise="" me,="" saying="" that="" i="" had="" found="" out="" a="" very="" good="" material="" supplier.="" i="" guess="" i="" will="" get="" a="" special="" promotion="" during="" the="" next="" promotion="" time."="" sangyun="" seemed="" to="" be="" pretty="" excited="" because="" he="" kept="" talking="" to="" hyunwoo.="" "okay,="" i="" think="" you="" have="" to="" treat="" me="" to="" a="" great="" meal="" this="" time,="" dude.="" you="" know="" i="" love="" expensive="" food,="" right?"="" "ha="" ha.="" of="" course,="" man.="" i="" think="" we="" will="" sign="" the="" contract="" soon.="" we're="" planning="" to="" replace="" 20%="" for="" now="" and="" then="" replace="" them="" all="" when="" they="" maintain="" the="" quality."="" "ha="" ha.="" congrats!"="" this="" time,="" hyunwoo="" had="" a="" call="" from="" blue.="" when="" he="" got="" home="" after="" work,="" his="" father="" waved="" at="" him="" and="" said,="" "hyunwoo,="" look="" at="" this!="" this="" is="" our="" first="" transaction."="" hyunwoo="" immediately="" checked="" the="" bulletin="" message="" that="" requested="" a="" contract.="" the="" amount="" of="" the="" order="" was="" not="" big:="" $7,000.="" however,="" the="" message="" said="" that="" if="" the="" product="" quality="" was="" maintained="" steadily,="" the="" order="" would="" be="" increased="" every="" month,="" and="" the="" amount="" of="" the="" order="" would="" be="" $22,000="" after="" three="" months.="" "how="" big="" is="" the="" margin?"="" "i="" talked="" to="" mr.="" na,="" and="" he="" said="" that="" net="" profit="" would="" be="" 9%="" of="" the="" sales="" price.="" 5%="" of="" the="" profit="" goes="" to="" na,="" and="" we="" take="" 4%."="" "4%="" of="" $22,000="" is="" about="" 900,000="" won."="" "right.="" not="" bad="" for="" the="" first="" transaction."="" actually,="" it="" was="" an="" eye-popping="" amount.="" soon,="" n&c="" would="" sign="" a="" contract="" with="" mungsung,="" too.="" though="" the="" quantity="" of="" the="" order="" was="" less="" than="" that="" of="" blue,="" the="" margin="" would="" almost="" be="" the="" same="" as="" blue's="" because="" of="" the="" high="" unit="" price.="" if="" n&c="" pulled="" off="" a="" couple="" more="" contracts="" like="" this,="" the="" profits="" would="" be="" larger="" than="" the="" salary="" of="" an="" employee="" of="" a="" middle-sized="" company.="" actually,="" n&c's="" business="" with="" blue="" and="" myungsung="" was="" just="" the="" beginning.="" in="" less="" than="" one="" month="" after="" n&c="" korea="" sent="" an="" official="" promotion="" letter="" to="" the="" interested="" companies,="" it="" received="" as="" many="" as="" nine="" factories="" inquiring="" about="" the="" estimate="" cost.="" hyunwoo="" handled="" the="" business="" only="" through="" the="" internet.="" his="" father="" never="" called="" any="" interested="" factories.="" even="" the="" contracts="" were="" finalized="" through="" email.="" out="" of="" the="" nine="" factories="" that="" made="" an="" inquiry="" on="" the="" estimate="" cost,="" seven="" completed="" the="" order,="" and="" they="" were="" all="" satisfied="" with="" the="" quality.="" some="" of="" them="" tried="" to="" cut="" the="" unit="" price="" a="" little="" more,="" but="" hyunwoo="" didn't="" accept="" it.="" he="" was="" convinced="" that="" he="" could="" prevail="" if="" he="" stuck="" to="" his="" position.="" he="" didn't="" even="" call.="" he="" just="" left="" a="" message="" on="" the="" homepage="" that="" said="" "n&c="" korea="" doesn't="" have="" a="" salesman,="" and="" it="" doesn't="" negotiate="" on="" the="" price."="" in="" the="" end,="" the="" interested="" companies="" gave="" up.="" all="" the="" seven="" companies="" signed="" the="" contracts,="" which="" amounted="" to="" $70,000="" per="" month.="" it="" was="" close="" to="" the="" order="" placed="" by="" aurum.="" after="" he="" got="" back="" home,="" hyunwoo="" called="" na="" on="" his="" cell="" phone.="" "did="" you="" receive="" the="" orders?"="" "yes.="" i="" could="" not="" even="" produce="" the="" order="" i="" received="" last="" week.="" i="" think="" we="" can="" process="" the="" current="" order="" on="" a="" full="" scale="" next="" month."="" "it="" takes="" a="" lot="" of="" time,="" though,"="" said="" hyunwoo.="" "well,="" it's="" beyond="" our="" capacity="" at="" the="" moment="" because="" of="" the="" abrupt="" surge="" in="" demand.="" even="" if="" we="" hire="" new="" employees,="" they="" can't="" become="" skilled="" workers="" quickly."="" "okay,="" then.="" i'll="" inform="" the="" relevant="" factories="" about="" your="" situation."="" "sorry="" about="" that.="" even="" though="" i="" asked="" you="" to="" open="" a="" sales="" company,="" i="" can't="" even="" process="" the="" orders="" properly."="" "okay,="" then.="" as="" soon="" as="" i="" receive="" the="" money="" from="" the="" sales,="" let="" me="" wire="" the="" money="" except="" for="" the="" sales="" commission."="" after="" the="" call,="" he="" looked="" at="" his="" father,="" who="" had="" been="" using="" excel="" on="" his="" computer.="" "what="" are="" you="" doing?"="" "i'm="" calculating="" the="" monthly="" commission="" from="" the="" sales."="" "is="" it="" profitable?"="" "i="" think="" we="" could="" start="" making="" 4.5="" million="" won="" after="" three="" months."="" hyunwoo's="" eyes="" opened="" wide.="" he="" had="" expected="" the="" commission="" income="" to="" increase="" as="" n&c="" korea="" concluded="" more="" companies,="" but="" he="" could="" never="" know="" what="" would="" happen="" in="" the="" future.="" he="" didn't="" want="" to="" count="" his="" chickens="" before="" they="" hatched,="" as="" the="" saying="" goes.="" in="" fact,="" how="" much="" money="" he="" would="" make="" was="" not="" that="" important="" to="" him.="" what="" really="" mattered="" to="" him="" was="" how="" to="" spend="" it.="" of="" course,="" he="" would="" have="" to="" agonize="" over="" it.="" whenever="" he="" had="" extra="" time,="" hyunwoo="" spent="" all="" his="" time="" on="" sales="" activities.="" he="" searched="" any="" company="" on="" the="" internet="" that="" might="" need="" castors,="" and="" he="" then="" sent="" them="" official="" pamphlets="" on="" n&c="" korea's="" products.="" though="" it="" was="" a="" defensive="" promotion="" strategy,="" it="" had="" an="" unexpectedly="" good="" effect.="" a="" month="" after="" n&c="" korea="" was="" founded,="" it="" signed="" three="" more="" contracts,="" whose="" combined="" order="" was="" $20,000="" per="" month.="" of="" course,="" there="" was="" limit="" to="" these="" kinds="" of="" sales.="" the="" inquiries="" on="" the="" estimate="" cost="" came="" in="" steadily="" for="" about="" two="" months,="" but="" they="" stopped="" suddenly="" at="" some="" point.="" it="" seemed="" certain="" that="" an="" expansion="" of="" sales="" was="" difficult="" to="" achieve="" only="" through="" the="" internet="" or="" with="" an="" official="" promotion="" letter.="" however,="" he="" could="" not="" think="" of="" any="" other="" method.="" he="" could="" not="" make="" his="" father="" go="" out="" and="" work="" as="" a="" salesman.="" he="" also="" felt="" it="" was="" not="" a="" good="" idea="" to="" hire="" a="" salesman="" separately.="" he="" had="" to="" find="" some="" a="" different="" method.="" "oh,="" i="" have="" a="" headache!"="" on="" the="" weekend,="" he="" went="" mountain="" climbing="" with="" his="" parents="" to="" cool="" down="" his="" head.="" while="" walking="" on="" the="" trail,="" he="" was="" thinking="" about="" some="" good="" ways="" to="" expand="" n&c="" korea's="" sales.="" at="" that="" moment,="" he="" got="" a="" call="" from="" paek="" sungwoo,="" who="" he="" had="" met="" at="" the="" recent="" alumni="" meeting.="" as="" he="" is="" a="" free="" man,="" he="" might="" be="" wandering="" somewhere="" in="" cheju="" island,="" hyunwoo="" thought="" to=""></we></n&c>




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