92 Professor Jien Wang (1) – PART 1 4yr

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Gun-Ho was thinking of what he would do if he successfully bought the vacant lot in Gangdong District at an auction.
"Should I 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 price of the land Gun-Ho had to bear. If he wanted to do something with the land, he would have to build a building or a hotel, or whatever he wanted to build, and that would cost him additional money.
"How much more should I expect to spend with the land?"
Gun-Ho was drawing his plan with the land on a blank canvas in his head.
"The land is 200 pyung. If I assume the building will use 100 pyung