Story of a Big Player from Gangnam - Chapter 757
Chapter 757: Dyeon India in Chennai, India (2) – Part 2
Gun-Ho and GH Media’s President Shin were sitting on the sofa in Gun-Ho’s office in GH Building, Sinsa Town.
President Shin handed a wrapped gift box to Gun-Ho.
“What is this?”
“It’s clothes for Sang-Min. I went to a department store the other day. When I saw this, I couldn’t pass it. It’s so cute. It will be extremely cute on Sang-Min.”
“Oh, you didn’t have to. Thank you. Sang-Min’s mom will love it.”
“I guess the movie business with Director Sim in China is going well. Your voice is cheerful today, sir.”
“Haha, really?”
“Mr. Yoshitaka Matsuda is going on a trip to Kyoto, Japan next week. He will be participating in the International Manga Anime Fair in Miyako Messe, Kyoto. He will take a lot of photos while he is there for our costume play magazine. It seems that he’s going to meet with the staff from the Chinese movie production company in Kyoto.”
“What is the Miyako Messe place?” Gun-Ho asked.
“It’s a convention center built by Kyoto City. A lot of unique and special events are held there.”
“Is that right?”
“It’s like an exhibition center. They call it Miyako Messe.”
“Hmm, I see.”
“By the way, I heard that Director Sim is not working as a freelancer in China, but he is on the payroll.”
“That’s correct. Once the movie becomes a box office hit, I want to give an additional pay to compensate him for his hard work. I didn’t sign a contract or anything like that on the extra compensation part though.”
“Oh, I see.”
“GH Media doesn’t have to worry about Director Sim’s pay. But, since Director Sim receives a very low pay in China—he probably has to spend everything that he receives in China for his living expenses there—please raise his pay in Korea. I think 1.5 million won per month should be adequate.”
“Isn’t it still low?”
“Pay him 1.5 million won on a monthly basis. I will give him more as I see the result of his work. If the movie turns out to be unsuccessful, that will be all that he gets though.”
“Understood, sir.”
Gun-Ho continued, “And, I’ve invested 6 million dollars through GH Media in China so far.”
“That amount is recorded as a short-term debt borrowed from you—an individual Mr. President Goo—in GH Media’s accounting. Our document for the external audit shows that GH Media has a high amount of debt. It’s recorded as not an expense, but an investment asset though.”
“1 million dollars out of 6 million dollars were invested in their previous TV drama production, and the remaining 5 million dollars all went to the current movie production.”
“That’s huge.”
“I don’t expect to make any profits from that investment this year. Given the duration of the post-production of a movie, we won’t have anything until the end of this year. So, any earnings from the movie production will be reflected in GH Media’s next year’s accounting.”
“Of course, sir.”
“Accordingly, the earnings from this movie production or the previous TV drama won’t appear on this year’s dividend for us.”
“Haha. I haven’t thought that far yet, sir. I’m satisfied with my current earnings from book publishing, the art gallery, and the rooftop book café.”
“How are we doing this year? It must be similar to what we earned last year, isn’t it?”
“Our sales have definitely increased since we are now publishing more various types of books, compared to last year. However, our spending for the cost has increased as well accordingly. Any travel expenses for China, related to the TV drama or movie production business, including flight tickets, hotels, and other expenditures are business expenses for GH Media. So, you can say that our cost of sales has increased.”
“Hmm.”
“As a result, I believe that GH Media’s operating profit will be about the same as our last year’s operating profit. It’s still August, sir. We have four more months to go this year. We still have enough time to see some changes in our sales or profits.”
“Hmm, I see.”
“Oh, I have one more piece of news. We had an art exhibition with three new experimental artists last year.”
“Right, I remember that.”
“I sent the pamphlet of that art exhibition to the art gallery director in Shanghai—Ms. Deng Jufeng.”
“Oh, you did?”
“She found their artworks very interesting. She’s going to host an art gallery with those same three experimental artists in Shanghai too. It’s going to be held in her gallery from the 2nd of next month—September”
“Oh, really?”
“The media in China already talked about this upcoming art exhibition in Shanghai. And, we are in the process of shipping the artworks there. I made a request to GH Logistics to ship those artworks to Shanghai, China.”
“Oh, really? How many art pieces are we talking about?”
“We are sending 10 artworks for each artist, so it’s going to be 30 pieces of art in total. They are not huge in size though.”
“Hmm, I see.”
“We are not focusing on making money with these three experimental artists, but this will be a very good opportunity for them to be widely known, and they can build their career on this. Not every artist gets a chance to have their art exhibition in the art gallery in Shanghai.”
“Hmm.”
“This is also a good opportunity for us as an art gallery too. GH Media could gain a reputation that an artist who has his or her art exhibition with GH Art Gallery would get a chance to have their art exhibition in Shanghai as well. Our art gallery will become more popular and well respected.”
“That sounds very possible.”
“Well, I think I talked too much today, taking your time, sir. I will get back to my office now.”
“Come and visit me often.”
“Sure, I will. Haha.”
Gun-Ho received a call from Dyeon Korea’s Vice President Adam Castler.
“Hello, boss?”
“Oh, Mr. Adam Castler. How are you?”
“Just a moment, please.”
“Okay.”
The interpreter—Assistant Myeong-Joon Chae—picked up the phone.
“Sir, I’m going to tell you about the conversation that occurred between Mr. Vice President Adam Castler and the head office in the U.S.”
“What was it about?”
“Mr. Vice President Brandon Burke officially retired from Lymondell Dyeon, sir.”
“Hmm, I’m already aware of it. Anything else?”
“Mr. Brandon Burke volunteered for the position in India. Since Dyeon India is established and invested by Dyeon Korea, Dyeon Korea has to appoint him to the position in India.”
“Of course.”
“According to Mr. Adam Castler, we received Mr. Brandon Burke’s resume and a copy of his passport via email. All other necessary documents will be sent later. They already drafted the relocation approval form for Mr. Brandon Burke for the position in India, and they want you to sign the form, sir.”
“I’m in Seoul right now. Please send me the approval form in a digital format. I will sign it from here.”
“Yes, sir. I will let them know.”
“What’s the date of his relocation?”
“It’s the day after tomorrow, sir.”
“If so, can you ask if Mr. Brandon Burke can start working in Dyeon India from the day after tomorrow?”
“Give me one second, sir.”
Gun-Ho could hear over the phone that Assistant Manager Myeong-Joon Chae was asking something to Mr. Adam Castler.
Assistant Manager Chae came back to the phone and said, “Yes, sir. The day after tomorrow is good.”
“Well, I guess he wants to start his life in India as soon as possible. Please tell them that I said okay.”
After getting off the phone with Mr. Adam Castler and Interpreter Chae, Gun-Ho walked to his desk and turned on his computer to sign the relocation approval form for Mr. Brandon Burke. He would be working as the president of Dyeon India from the day after tomorrow.
