Story of a Big Player from Gangnam - Chapter 795
Chapter 795: Win the By-Election (3) – Part 2
After Chan-Ho Eom left the office heading to his home, Gun-Ho called for Assistant Manager Ji-Young Jeong. He said to her as he gave a piece of paper, “Here are 2 boxes of semi-dried persimmon. I want you to go to the post office and mail one of these to the address written on this paper. The place’s name is Cheonghakjeongsa in Goesan Town, North Chungcheong Province. The name of the recipient is Mr. Pan-Soo Park.”
“Yes, sir.”
“And here is another address where I want you to mail the other one. It’s for Chairman Lee in Cheongdam Town,” Gun-Ho added as he gave another piece of paper to the secretary with an address on it.
“Cheongdam Town is close to here. If you want, I can deliver this to him in person.”
“Did you bring your vehicle to work today?”
“Yes, sir.”
“Okay then. Maybe it’s better if you could take it to his address in person. It’s actually his office address. His office is in a 22 story building in Cheongdam Town. When you reach Cheongdam four-way intersection, continue in the direction of Yeongdong Bridge. The building will be on your left. If I were you, I would put the address in the GPS navigator before leaving.”
“Understood, sir.”
Gun-Ho gave a call to his wife at home.
“It’s me. Chan-Ho Eom will soon arrive there. He will bring boxes of semi-dried persimmon and short ribs. Just take and keep them at home, okay?”
“Semi-dried persimmon and short ribs?”
“Yes, he will be carrying two boxes for each. One is for my parents in Guweol Town, and the other one is for your father in Sillim Town.”
“Oh, I see. Okay.”
While having a cup of tea, Gun-Ho made a call to Dyeon Korea’s Director Yoon.
“This is Gun-Ho Goo.”
“Yes, sir.”
“I want to give our executive officers a gift. They have done tremendous work. Please purchase a gift card for them. A gift card from a department store would be perfect, so they can buy shoes or something. And, I will give the same gift to the chief research officer and Manager Hee-Yeol Yoo as well.”
“How much would be adequate, sir?”
“Hmm, get them three gift cards of 100,000 won for each.”
“Yes, sir. Then I will distribute gift cards of 300,000 won to them.”
Gun-Ho then made a call to GH Mobile’s general affairs director.
“This is Gun-Ho Goo.”
“Yes, sir.”
“Thanksgiving Day is coming around the corner. I want to give a present to our executive officers who have done a splendid job this year. I want you to buy them gift cards from a department store.”
“Yes, sir. How much should I put in the gift card, sir?”
“Each person will have three gift cards worth 100,000 won each.”
“Yes, sir. And, umm…, I think we should make the same gift to Director Jong-Suk Park as well, sir. He is no longer with us, but he had done a lot of work contributing to our recent success.”
“Sounds good.”
“Thank you.”
In that afternoon, GH Media’s President Jeong-Sook Shin came up to Gun-Ho’s office on the 18th floor. She was carrying a paper gift bag.
“What is it?”
“It’s a gift that I’m giving to all of the employees at GH Media.”
“If so, why did you bring it here?”
“You are being paid by GH Media as well, sir, as a managing director. So, this is for you. Haha.”
“You don’t have to make a gift for me.”
“Many companies usually give out some food or kitchen gadgets to their employees as Thanksgiving gifts, but I prepared cosmetics for our employees this year. This is not expensive though.”
“Cosmetics? I like that.”
“I put two cosmetics in the bag. You can give one of them to your chauffeur. If you have specific cosmetics that you use, and you don’t like the one that I picked for you, please feel free to give this to someone else.”
“Oh, I was going to tell you this. I just talked with the general affairs department in GH Mobile and Dyeon Korea, and told them to prepare gift cards of 300,000 won for all of their executive officers. Why don’t you buy gift cards for your people too?”
“I was actually thinking of getting a gift card of 100,000 won for Mr. Yoshitaka, the chief editor, and design team leads.”
“You can’t even buy shoes with 100,000 won these days. Isn’t it too small?”
“They can buy something else like food; it doesn’t have to be shoes. I think 100,000 won is appropriate given the size of our company. GH Media is not a large company like GH Mobile and Dyeon Korea.”
“Well, it’s your call.”
It occurred to Gun-Ho that he was preparing gift cards for the executive officers of most of his companies, except GH Development. He asked for the accounting manager— Manager Hong.
“I want you to go to Shinsegae Department Store near Seoul Express Bus Terminal now, and make a purchase of their gift cards— 7 gift cards of 100,000 won each. Don’t forget to take the business credit card with you. If you pay with that credit card, Shinsegae’s gift card department will issue you a receipt.”
“Yes, sir.”
“And, this is my personal credit card. I want you to buy 20 gift cards of 100,000 won as well with this credit card.”
“It’s going to be 2 million won in total, sir. For which company should I ask them to issue a receipt?”
“These are for my personal gifts. I don’t need a receipt for them. I want you to go now, please.”
“Yes, sir.”
Gun-Ho receives a call from Chairman Lee from Cheongdam Town.
“President Goo, one of your employees just stopped by my office and gave a gift saying it’s from you. You didn’t have to get me anything.”
“It’s just a small gift, sir. I hope you like it.”
“Thank you. I know I will enjoy this semi-dried persimmon. And, I want to congratulate you on your Dyeon Korea becoming a public company.”
“Thank you, sir.”
“I believe that the company has not been in the business for a long time. Since it still successfully went public, I guess it was officially recognized as a start-up company with technology, wasn’t it?”
“That’s correct, sir. That was the only way that I could have it go public earlier.”
“I know that it’s not easy for a company to be officially recognized as a start-up company with technology. It requires an assessment of technology as well.”
“Our employees had worked so hard to make it work.”
“Since it’s a joint venture company, you should have 50% of the ownership interest. Well, since you probably already offered the company shares to the public, and also possibly gave some shares to your employees through the employee stock ownership program, your ownership interest should be decreased to 35% or 40% by now.”
“That’s correct, sir.”
“What was the company’s capital before you offered the shares to the public and to the employees through the employee stock ownership program?”
“The capital was 18 billion won, sir.”
“That means you had your 9 billion won there. It should be well worth at least 50 billion won, huh?”
“No, sir. It’s not that much. After the company shares became available to trade in the stock market, the price has been going down steadily.”
“You don’t have to worry about it. The price will go up as time goes by. When you made the joint venture contract, was there a stipulation about transferring the company shares? Specifically, does it say that you can transfer the joint venture company’s shares to a third party?”
“Yes, we have that stipulation in our contract.”
“Haha, is that right? Well, I guess we will see something very interesting happen in the future.”
“Thank you.”
After hanging up the phone, Gun-Ho smiled.
‘Mr. Chairman Lee… He is, of course, a master in the business field.’
