The Junk Dealer Makes Good Money

[76] Again from the beginning

Si-woo Lee quickly delivered the contract signed with the Gangdong Works.

And Park Soo-beom, who visited Nuri, started moving materials from the next day.

The amount of scrap metal flowing to the Gangdong Works reached 2,000 tons this month alone.

If you include 3,000 tons of scrap iron, about 5,000 tons escaped.

Even including 1,500 tons of used construction materials, the amount of money earned from scrap this month was substantial.

Contracted scrap iron, about 1.26 billion won.

Generally delivered drugs, scrap metal 760 million won.

Sales of used materials, 750 million won.

In one month, a total of 2.76 billion won was earned.

“I have processed all the loan repayments, sir.”

It was a loan from a bank to purchase the land where Nuri currently sits.

Of course, he has been constantly repaying interest and principal with the money he earned.

Now, the remaining loan amount is about 1 billion.

Of the 2.7 billion, 1 billion was used to repay the loan, but it was not wasted at all.

Lee Si-woo smiled as if satisfied with Jin Eun-soo’s report.

“How are the waste sales this month, Mr. Kang?”

“Excluding fixed expenses this month, we had a net profit of about 500 million won, sir.”

“It is getting bigger and bigger. The return on investment is now slowly paying off.”

“Perhaps the scrap metal has been accumulating so far, so sales have increased in a limited way. From this month on, there is a high probability that sales will return to normal, CEO.”

Jin Jun-sik, who is in charge of the scrap metal business, expressed concern.

Of course, the amount earned this month alone exceeded sales of small and medium-sized enterprises (SMEs).

However, this sale was only temporary.

“It would be convenient to see the results on a quarterly basis for scrap metal. Usually, once every four months, the scrap metal we collect is shipped out in batches.”

“you’re right.”

“If it were just scrap metal, the maintenance cost of piling up scrap metal for four months would not be enough, but Nuri has another source of income.”

The maintenance cost soared as the waste was generated.

Not only that, it was generating more revenue than fixed maintenance costs.

If we were to deal with the waste of Boseong Construction, which is about to start, we didn’t have to worry about money for a while.

“Director Kang, preparations to dispose of Boseong’s waste are in progress, aren’t they?”

“yes. We are now meeting with people to expand our business partners around incinerators and landfills. There are a lot of companies looking at the deal positively, so there is no need to worry about waste disposal.”

At the sound of Kang Pil-joong’s confident voice, Si-woo turned his head and asked Lee Jun.

“Director Lee, how did the staffing of the knights go?”

“We’ve selected ten additional drivers who can drive a telecommunication car. And we are also constantly purchasing armroll cars and dump trucks for them to operate, sir.”

“What about the tong knights?”

“Four Claw Knights I know have decided to join us.”

“Then we need to increase the number of vehicles. Director Jin?”

“I’m mainly looking for used forklifts. We will prepare to take over four tongs by the end of this month.”

“Perhaps all the money I’ve earned this month and all the funds Nuri has accumulated so far will be put into it. But the investment will come back to us many times over.”

Shi-woo was convinced.

If Boseong Construction completes the treatment of the requested waste, the amount invested can be multiplied several times.

From the point of view of Eun-soo Jin, who is in charge of accounting, there was no choice but to be concerned because it was a matter of spending a lot of money.

“Do not worry. Nuri’s staff will follow the CEO’s decision.”

Those sitting here completely trusted Siwoo Lee.

The image that Siwoo Lee had built up over the years was not weak enough to be easily destroyed.

“How much inventory is piled up at the three locations in Nuri, Mr. Jin?”

“We have about 3,000 tons of inventory left at the three locations. These are stocks that include both light and heavy.”

This was enough.

“Take off all your inventory. You never know when the unit price may drop, so it would be beneficial to deal with it when the price is high.”

“All right.”

“Now, let’s go back to our seats and move.”

After the morning meeting, the directors and managers returned to their respective positions.

Si-woo Lee, who remained in the office, checked the future poem.

―――――――――――――――

＜Future City＞ (lv. 3)

You can see the rise and fall of scrap in two-week and one-month cycles.

Registered Steelworks: [Gangdong Steelworks]

[Current scrap metal price]

Weight B grade (G/S): 390 won.

Lightweight Class B (G/S): 350 won.

Lightweight Grade A (G/S): 370 won.

Weight K class: 400 won.

[Two weeks later, the unit price of scrap.]

Weight B grade (G/S): 380 won.

Lightweight Class B (G/S): 340 won.

Lightweight Grade A (G/S): 360 won.

Weight K grade: 390 won.

[One month later, the unit price of scrap]

Weight B grade (G/S): 370 won.

Lightweight Class B (G/S): 330 won.

Lightweight Grade A (G/S): 350 won.

Weight K class: 400 won.

―――――――――――――――

After one month, the unit price of 20 won will drop.

The unit price has been high for quite some time now, so it’s time to drop it.

It was also important to clear the stock before it ran out.

Now, in the moment of one twist, the damage would be enormous.

‘In that sense, future poetry is an essential ability for me.’

As the scale of scrap metal grew, the loss would snowball even if 10 won fell.

Perhaps the part that scrap metal companies are having a hard time inferring is because it is difficult to infer unit prices?

Previously, it was possible to predict when the price would rise and when it would fall.

However, in an increasingly volatile market, it is now difficult to make analogies as before.

Ji Hyeon-soo, who is now an employee of Nuri, came to Si-woo Lee, who was lost in thoughts for a while in the office.

“CEO.”

“Ah, Ji Hyun-soo.”

He was now under Lee Seok-jun at the headquarters.

I was learning from scratch about scrap metal.

“Is the job worth it?”

“yes. Manager Lee gave me detailed information, so I am learning about scrap metal again.”

He was learning the details of scrap metal to such an extent that it could not be compared with what he had learned at the steel mill.

The scrap metal was profound and difficult to the extent that what I had learned so far was considered useless knowledge.

“That’s fortunate. I heard that you applied for an interview, what difficulties do you have?”

“There are no complaints. I am very satisfied with this life. The employees I worked with at the Gangdong Works contacted me. Do you have any seats left? … .”

As forewarned by Won Jae-jun, non-regular employees were not given another chance.

Ji Hyun-soo’s colleagues, who remained to seize an unexpected opportunity, had to lose their jobs.

Now they have become impatient with nothing to do with the industry.

“Hmm, Ji Hyun-soo took a chance. Do I really need to bring people who have forsaken the opportunity that Director Won gave me to my company?”

“The CEO is right, but they are still hardworking friends. Maybe being young is a plus… … .”

“Just because you’re young doesn’t mean you’re talented. Do you think it is a society that needs to be so desperate to survive?”

“It will be urgent. Perhaps even if they accepted Mr. Won’s offer, would those friends really come here and work hard?”

It was different then and now.

At that time, there was a glimmer of hope left, saying, ‘I’ll probably get fired from Gangdong.’

Ji Hyeon-soo did not want to let go of the 1% chance, so he had a lot of conflicts.

“If you had accepted Mr. Won’s proposal at that time, I think you would have lacked sincerity.”

“I am sure. Unlike me, those friends were talented people who graduated from university. You must have pride in your academic background, and if you accepted Mr. Won’s suggestion, I don’t think you would have tried to learn from a sense of loss.”

Siwoo Lee closed his eyes at his firm words.

As Ji Hyun-soo said, those who were fired from Gangdong might not have been satisfied with their desperate need.

“Tell them to submit your resume. We look and decide.”

“thank you!”

Ji Hyun-soo jumped up from his seat and bowed his back 90 degrees.

“However, I am a person who does not value my previous education. I also dropped out of college, so my final education is high school.”

“… I will keep that in mind.”

“Just because you have a high level of education doesn’t mean you can do a job well. Because that person’s character is the most important law.”

Anyway, the resume was just a formality.

If you do get hired, it will be decided at an interview.

‘Someday, they are the people who have to be selected. Ji Hyun-soo, one person is not enough.’

After introducing Ji Hyun-soo to the web, Si-woo Lee has not refused to argue that the proportion of young people should be increased.

Of course, I didn’t know it would take quite a long time for them to learn and stand in their respective positions.

But even for the future of Nuri, this process was necessary.

After Si-woo Lee agreed, Hyun-soo Ji left the office.

And after a while, Moon Jae-shin came in with a tired look.

“You are suffering.”

“I have a meeting yesterday and I’m sick of drinking. I’ve been drinking for 3 days in a row… … .”

Moon Jae-shin, who sat down on the chair, grabbing his sore stomach, shook his head.

I drank every single day for three days.

As a result, Moon Jae-shin had to listen to his wife nagging for three days.

“It’s almost over now.”

“I roughly looked at the bidding price, and the price of scrap metal is lower than the average market price, and the price of waste is higher.”

In the meantime, Moon Jae-shin was meeting people and gathering information.

We checked the bidding history of all companies that had previously carried out the demolition project.

“The bid amount seems very low.”

“The unit price of scrap was 150 won, and the unit price of waste was 500 won per kg. I think I can understand why demolition companies are hung up on redevelopment projects carried out by the state, city, or province.”

“That means there are a lot of thieves.”

“It seems that Nuri can easily bring the bid. To be honest, even if the unit price of scrap metal is raised up to 200 won, there will be no companies that can follow.”

“Waste?”

“I plan to bid for about 450 won. To be honest, the net profit that Nuri will bring will be huge even at this level.”

“Scrape costs 220 won and waste costs about 400 won. It will be enough for us to take advantage of it.”

There was no need to be greedy.

It was necessary to receive bids only at a level that Kang Eung-ryong was satisfied with.

It was impossible to finish the demolition project with this one time.

“There is still about a month left until the bidding date, so I will discuss it with Director Jin and move on with the work.”

“Please. Oh, and Hyunsoo Ji will bring the resumes of the non-regular employees he worked with in Gangdong.”

When bringing Ji Hyun-soo, Moon Jae-shin heard Si-woo Lee’s thoughts.

It was the opinion that even if it is not possible to immediately put electricity into the field, talented people who will be responsible for the field in the near future are essential.

Moon Jae-shin could fully sympathize with that part.

“Well… Well, it wouldn’t hurt to prepare from now on.”

“I am thinking of hiring up to ten people, what do you think of the vice president?”

“Isn’t ten people a little too much?”

“The size of our business is growing day by day. As the scale grows, the work will inevitably increase. Until now, we have endured with the power of the directors and managers, but we will definitely come to the limit quickly.”

“There will be times when you have to learn. There will definitely be people who leave midway.”

“Considering that, we decided that there would be about ten people.”

Of the ten newly selected people, how many people will remain until the end?

It would be nice if all ten were left, but the odds were slim.

“I agree.”

“I don’t know how many resumes will come, but if you go to an interview, the vice president will also participate. Given the importance of this work, it is not bad for all directors to be involved.”