Story of a Big Player from Gangnam

Chapter 699: Meeting at the Secret Bar (2) – Part 2

After getting off the phone with President Shin, Gun-Ho looked at Director Sim and said, “This is the right time for you to file for general rehabilitation. If you file for it later when you make good income, the judge will probably ask you to pay a higher amount of money for your debt. It’s good that you don’t make much right now.”

“I think you are right, sir. The attorney told me the same thing. Also, the film scenario for Menghuan Yinghua is being translated right now, so I don’t have much to work on, related to the movie production. I just need to help the drama production team in editing the currently-airing TV drama.”

Gun-Ho said to Director Woon-Hak Sim, “After you file for general rehabilitation through your attorney, the court will probably request you to place some deposits. If that happens, just let me know.”

“Yes, sir.”

“Since you are here, go to GH Media and have them print out your pay statement along with your income tax receipt. You will need them when you apply for general rehabilitation.”

“Yes, sir, I will do that. Thank you.”

Director Sim gave a deep bow to Gun-Ho before walking out of his office.

Gun-Ho received a call from Jae-Sik Moon in China.

“President Goo? I registered our new company as an independent foreign business with a capital of 600,000 dollars. We have three shareholders as we talked and agreed the other day. You own 80%, and Soon-Young’s mom and I each own 10%.”

“Was the fund that I sent enough? It could be a bit less than I intended because of the currency exchange rate.”

“I think it was okay. I just verified the fund came into my bank account, and let the Administration for Industry and Commerce take care of the registering process, and paid the fee. Guanxi (connection) is really important in China. I told you that Soon-Young’s friend’s husband is a high-ranking officer at the Administration for Industry and Commerce, right? He has been of great help.”

“Haha, is that right?”

“The name of our company is GH Food Co., Ltd. For the purpose of the firm, I just listed various businesses in addition to running a restaurant such as trading and gardening.”

“Haha, really?”

“Also, the contract for the stores is completed as well. The building owner— Antang Engineering College— loved that we would open a KFC there. When I asked them to sign the consent form for our loan using the lease agreement, they signed it without a problem.”

“You can take it to the Industrial and Commercial Bank of China.”

“I already had a meeting with Xiaodong Liu at the bank. When I told him that I would open a KFC, he said that he would definitely visit our restaurant. And, he let me take out a loan for the amount of 120 million won, instead of 100 million won. Haha. Soon-Young’s mom suggested that we open the KFC first, and then open the deep-fried chicken restaurant next. And we will open the pizza restaurant on the second floor for the last. I think it will be done within a month.”

“It sounds like you will have a lot of work to do.”

“It’s okay. We are doing this to make our money, right? Oh, and, the terminal construction has been resumed.”

“Really?”

“Vice President Chun Chang asked me when they would receive the second investment fund. I told him that it will be sent once the ownership of the land where the terminal is being built is transferred to the joint venture’s name.”

“That’s right.”

“We are expecting to receive two additional bus lines soon. Vice President Chun Chang threatened me that we might not receive those additional bus lines if they don’t receive the second investment funds soon.”

“I think they will let us have the additional bus lines. We will see. They need to make money by running more bus lines anyway. The terminal project is not the only business that they are doing. Well, we just sit and wait how they respond.”

“Okay, I will do that.”

Gun-Ho made a call to GH Mobile’s President Song.

“I’m in a meeting with the building owner next door, sir. The general affairs director is with me here too. We’ve reached an agreement for the price of 1.6 million won per pyung so far. The owner is resisting so hard, lowering the price from there.”

“You said that the building is 2,500 pyung large, right? Then, it’s 4 billion won. Well, that’s good enough. Make a sales and purchase contract for it.”

“Yes, sir.”

Gun-Ho called for the secretary— Ms. Yeon-Soo Oh.

“Please come in and have a seat,” Gun-Ho showed a seat on the sofa facing him.

Gun-Ho had never asked her to have a seat on the sofa in his office before, so Ms. Yeon-Soo Oh was wondering.

Gun-Ho said, “I’m going to make a call to Dyeon Korea’s Vice President Adam Castler now. You have seen him once before, right?”

“Yes, sir. I’ve seen him during the previous boarding meeting.”

“This is what I want to tell him. Please write this down.”

Yeon-Soo Oh grabbed a pen and a piece of paper to get ready.

Gun-Ho continued, “Dyeon Korea currently has 6 billion won from the investment funds contributed by both partners to increase its capital. Additionally, it has 4 billion won which is our accumulated operating profit for this year. So, Dyeon Korea has 10 billion won in total.”

Yeon-Soo Oh was diligently writing down what Gun-Ho said.

“You are done writing?”

“Yes, sir.”

“Okay, then here we go. I’m planning to register with KOSDAQ next year, and I want to make Dyeon Korea larger until then in preparation for it.”

“Please continue, sir. I’m done.”

“So, I want to open a factory in Suzhou City, China and name it Dyeon China. And, I want to establish a factory in Chennai, India as well, as Dyeon India. Dyeon Korea will fund 100% for these two factories. I want to bring this suggestion to our next board meeting.”

Gun-Ho waited for several seconds until Yeon-Soo finished writing, and then he asked her, “You are done with writing, right? Please read to me what you have.”

Yeon-Soo read her note.

“Okay. That’s good enough. I will make a call to Mr. Adam Castler and let you talk to him for me.”

“Yes, sir.”

Gun-Ho dialed Mr. Adam Castler’s office number.

“Hello? I am Gun-Ho Goo.”

“Oh, good afternoon, boss!”

“I will put an interpreter on the phone.”

“Yes, sir!”

Gun-Ho handed his smartphone to Secretary Yeon-Soo Oh. Yeon-Soo Oh began talking on the phone while looking at her note that she wrote down what Gun-Ho said. Yeon-Soo Oh had studied in the U.S. for a long time, and her English sounded fluent to Gun-Ho. Gun-Ho couldn’t understand a thing that she was saying though.

Gun-Ho later received a call from Dyeon Korea’s internal auditor.

“It’s me, sir. I just wanted to let you know that we have finally received the certificate of a startup company with technology.”

“Oh, really?”

“You can verify our certificate remotely. If you log into the website— VentureIn, you can see our certificate. Let me give you our login ID and password.”

“It’s okay. You did a good job. Well, can you make the announcement that we will have an executive meeting tomorrow at 10 am?”

“Yes, sir. I will do that.”

“And, ask the plant manager— Hee-Yeol Yoo to join our meeting tomorrow. We can let him attend the meeting on behalf of the chief research officer.”

“Understood, sir.”

The secretary— Ms. Yeon-Soo Oh— was still sitting on the sofa facing Gun-Ho while Gun-Ho was talking with the internal auditor.

Noticing that Yeon-Soo Oh was still there, Gun-Ho said, “Huh? You are still there?”

Yeon-Soo Oh responded, “You didn’t say that I could leave, sir. I thought you still needed me.”

“Oh, really? Well, thank you for your assistance, Ms. Oh. You can leave now. Oh, can you get me a cup of coffee?”

“Sure, sir. Coming right up.”

Ms. Yeon-Soo Oh looked proud of herself when she walked out of the office. She thought that she was of a big help for Gun-Ho today.