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Chapter 91 - Land Auction – PART 2
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... build a hotel?”
Even if he successfully acquired the land by an auction, his property interest in the land would be only 50% since the land was held in tenancy in common and there was another owner who had the equal property interest in the land.
Say, he could persuade the other owner to sell his or her interest to Gun-Ho. Gun-Ho would have to pay that owner an additional 600 million or 700 million won to buy his or her property interest.
It would not be just the p ...
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