Story of a Big Player from Gangnam

Chapter 876: Presidential Candidate’s Little Brother (1) – Part 1

Gun-Ho and Jong-Suk Park went into Jong-Suk’s office in GH Machines.

Gun-Ho asked Jong-Suk as he was sitting on a chair, “Was it an important meeting that you just had?”

“We are experiencing an unexpected increase with the product order from Isehara Machines. So, we talked about a plan on how to handle the increased production.”

“Hmm, really?”

“I guess I will be able to pay my workers even if Dyeon Korea stops placing their product order with us.”

“How much do you expect to make per month with the business with Isehara Machines?”

“I think it should be at least 200 million won.”

“Hmm, is that right? So, if we include the current product sale to Dyeon Korea, the monthly sales revenue should be more than 350 million won.”

“Other than Dyeon Korea and Isehara Machines, we also provide maintenance services to a few factories around here. With the income from them, our monthly revenue will probably be about 400 million won.”

“Hmm, that means that the company’s yearly sales revenue is around 4.8 billion won, huh?”

“How much does GH Mobile make per year?”

“It’s generating almost 200 billion won per year.”

“Wow! 200 billion won?!”

“Keep up the good work. I’m sure you can grow this company that large.”

“In order to increase our sales revenue to 4.8 billion won, I have worked so hard like I couldn’t even sleep at night sometimes. How much more effort should I put to make 200 billion won per year then?”

“You just need to procure more clients and increase the number of workers here. That will do. By the way, do you have some funds currently available?”

“Funds? Why are you asking about funds? We just started shipping our products to Isehara Machines. We haven’t received the payment from them yet. We had 600 million won that Dyeon Korea had paid to us earlier, and we spent some of it to purchase machine parts and stuff. We now have about 400 million won left, I guess.”

“I want you to buy a car for yourself. I noticed when Isehara Machines’ president visited here that your car looked too humble. You need a new one.”

“It won’t be necessary. My car still works perfectly fine. I don’t need a new vehicle. I need to save money for GH Machines anyway.”

“Saving money for what?”

“We are currently leasing this factory. I want to buy a nice factory that is owned by GH Machines. You know that my father-in-law is in the real estate industry, right? He told me that he sometimes sees good factories available for sale at public auction. If I can buy one of them, that will be really nice.”

“That’s right. Your father-in-law is running a real estate office, huh?”

“He is the one who found the condo inside the Byeoksan Blooming Condo Complex that those Japanese engineers are living in, for me. Haha.”

“Really?”

“I wanted to pay him 200,000 won for the service, but he refused to take it from me. So, it was a free service. Haha.”

“You should still have paid him. He provided you with his professional service.”

“The lease term for this factory is two years. I want to save enough money before the lease expires, so I can move to our own factory then. I will hold the thought of buying a new car until then.”

“Okay. I’m proud of you, Jong-Suk. Keep up the good work. You are running a factory that makes an annual sales revenue of 4.8 billion won. The factories that we had worked in Pocheon City or Yangju City years ago were smaller than GH Machines. You can make it even larger than now. I know that you can do it.”

“Haha. Thank you.”

“And, about the PowerPoint documents that you showed to Isehara Machines’ president when he visited here, did you prepare it yourself?”

“I collected necessary information and data myself, but the students in my class edited and made the final version of the document.”

“The students in your class?”

“Yeah. Those who are taking classes with me in Korea University of Technology and Education helped me with the document.”

“Oh, really?”

“Yeah. I actually threw a party for them with deep-fried chickens, showing my appreciation for their help. Haha.”

“That’s good.”

“They actually visited GH Machines before, and they are still making a fuss about it.”

“About what?”

“They want to work for me after they graduate college.”

“If you see decent people with potential, hire them. But, don’t they want to work for a larger company?”

“Some of them want to work in GH Machines because it is part of the same GH Group with GH Mobile.”

“Hmm, is that right?”

Gun-Ho headed to Dyeon Korea with a satisfied smile on his face. He indeed felt proud of Jong-Suk Park.

‘I thought he would suffer for a while by running his own business and making a lot of mistakes, but he is doing a lot better than I expected.’

Chan-Ho Eom, who was driving, said as he looked at Gun-Ho through the rear-view mirror, “President Park spent his 20s like a gangster member like I did, but since he is so skillful and knowledgeable in a certain field, he is now running his own company. Tae-Young bro and I should do the same as him, but it’s not easy.”

Gun-Ho arrived at Dyeon Korea.

Director Kim was not in his office as usual; he was probably on a client site. The internal auditor entered Gun-Ho’s office. He was carrying a document.

“This is a certified copy of the corporate registration.”

Gun-Ho took a close look at the corporate registration.

[The unit share price is 2,000 won. The total number of shares issued is 26 million. President Gun-Ho Goo. Inside Director Adam Castler (U.S. national). Inside Director Dong-Chan Kim. Inside Director Hyeong-woo Lee. Internal Auditor Hee-Seok Goh.]

Other than the president, every executive officer including the vice president and the senior director was listed as an inside director without specifying their actual job title.

“Mr. Adam Castler and I are shown as continuing officers, and Director Kim and Director Lee are shown as new officers.”

“That’s correct, sir. I am also shown as a new officer.”

“We have made this public already, haven’t we?”

“Of course, we have, sir. We clearly stated that the board meeting was held, and the board approved those executive officers to be added to the board of directors.”

“Well done.”

“And, sir, I want to thank you for extending my work with Dyeon Korea for an additional two years. My wife was so happy when I gave her the news.”

“Haha, really?”

“I have a daughter. She is still single. And, my wife wants our daughter to get married while I’m still working. She thinks that will make our daughter’s wedding fuller with more guests and all that.”

“Haha, I see.”

“It seems that Dyeon Korea’s stock price keeps rising these days, sir.”

“I guess there are investors who are buying the stock because of the end-year dividends.”

“I will give you a separate report on the dividends after we get the end-year financial document, sir.”

“Sounds good.”

“I feel sorry for our new senior director—Mr. Hyeong-Woo Lee—that we haven’t prepared a separate office for him yet. I’m thinking about building temporary walls in the corner of our general office to give him a separate and private office space for now.”

“Please don’t. I will resign from the president position soon, and this room will be available to use anyway.”

“Understood, sir.”

“What is Director Lee doing now?”

“It seems that he is working on finding a new market overseas. He asked me to show him the documents about our recently established factories in Tianjin, China and Noida, India.”

“Hmm, really?”

“Since he speaks English fluently, he spends a lot of time with Mr. Adam Castler. They often have lunch together, and they also drink beer after work sometimes. He gets along with Director Yoon as well.”

“Hmm, I guess he is outgoing and social. That’s nice.”