Story of a Big Player from Gangnam

Chapter 557: Changes in GH Mobile’s Stock Ownership (1) – Part 2

The assistant manager in the accounting department entered Gun-Ho’s office. He was a young man who was wearing glasses. He looked familiar to Gun-Ho. Gun-Ho ran into this man several times in the hallway, and he always gave a deep bow to Gun-Ho every time he encountered him. Gun-Ho thought that he was working for the general affairs department, but he was actually working in the accounting department. Now, Gun-Ho recalled that he had seen this man in his office as well. Gun-Ho usually invited the workers to his office, who made their position promotion, to congratulate them. The assistant manager came to Gun-Ho’s office the other day with several other workers because he had been promoted. Gun-Ho even had a handshake with him at that time. He looked like he was in his early 30s. He gave a 90-degree bow to Gun-Ho as he entered the office.

“We can get a certificate of personal seal at any location, can’t we?”

“Yes, we can, sir.”

“You just need my personal seal to get the certificate for it?”

“I will need your resident registration card as well, sir.”

“My resident registration card?”

“Yes, sir.”

Gun-Ho reluctantly handed his stamp for personal seal and resident registration card to the assistant manager.

“Personal seals these days are recorded in a digital form, so we don’t use the actual stamp for personal seals, do we?”

“You are right, sir. We will use this stamp for power of attorney, so I can request your certificate of personal seal on your behalf. I will bring several forms for the power of attorney from the community center and keep them in the office from now on. That way, you can just stamp on the form.”

“I thought the document issuance from the community center is handled by the general affairs department.”

The accounting director, who was sitting next to the assistant manager, quickly chipped in, “General document issuance is handled by the general affairs department. However, all the documents related to our shareholders are handled by the accounting department. When Mr. Internal Auditor was with us, he made the work arrangement this way.”

Gun-Ho said with a smile, “I see. Well, Mr. Assistant Manager Kim! Please go now and get my certificate of personal seal. You can use my car.”

“No, sir. I will use my car. Thank you.”

Ms. Manager Kim from the certified legal consultant’s office came to GH Mobile in the afternoon. In preparing the necessary documents to increase the company’s capital and make changes in the percentage of the company ownership, she gathered all the documents that Mr. Assistant Manager Kim got from the community center. Moreover, she brought additional forms and documents and asked Gun-Ho to stamp on them.

As Gun-Ho stamped on the documents, he said, “I didn’t know that we need all these paperwork. This is too much.”

Ms. Manager Kim from the certified legal consultant’s office laughed and said, “Hahaha. These are all necessary paperwork, sir. The total number of issued stocks changed along with the company’s capital. These changes need to be reflected in the company’s business registration. Also, we need to update the articles of incorporation accordingly. We will need to draft a board resolution about the changes as well. So, yes, all these paperwork are necessary.”

“Hmm.”

“Would you like to notarize the listing of shareholders?”

“I think we should.”

“Then, please stamp on this document. You can stamp on the places where I marked with a circle.”

“It seems that this is the busiest day for my stamp.”

“Hahaha, we are all set now. Sir, if you need anything else, just let us know at any time.”

“I will do that. Thank you.”

Manager Kim from the certified legal consultant’s office gave her business card to Gun-Ho before leaving the office. Once she left the office, Gun-Ho mumbled to himself, “That Ms. Manager Kim person gives me her business card every time when she sees me. I think I have three of them in my desk drawer.”

Gun-Ho smiled bitterly.

Gun-Ho went to Dyeon Korea later that day.

Director Kim was in his office. When he realized that Gun-Ho came to work, he entered Gun-Ho’s office.

“I heard that GH Mobile received a high volume of product orders from A Electronics and became extremely busy. Director Jong-Suk Park said that the production workers are working overnight. President Song told me that he is looking to hire more production workers.”

“Right. It happened that way.”

“A Electronics is notorious for being picky in selecting their suppliers. And people are talking that you successfully convinced the picky A Electronics to place product orders from GH Mobile. Some say that you used the personal connection with Minister Jin-Woo Lee who presided over your wedding. He is A Group’s son-in-law after all.”

“That’s not true. A Electronics decided to place product orders from us because they recognized our high-quality products. Our company has an excellent newly developed product—AM083 Assembly—and we’ve been supplying S Group with protectors. I haven’t tried to convince anyone to sell our products yet.”

“Is that right?”

Director Kim tilted his head to one side as he couldn’t fully believe what Gun-Ho said.

“Dyeon Korea’s sales volume has constantly been increasing, hasn’t it?”

“Yes, sir. It’s steadily on the rise. We are selling more products in the international market as well.”

“Did you divide the market in charge with Vice President Adam Castler? Like you handle our national market while Mr. Vice President Adam Castler is in charge of our international market?”

“No, sir. Mr. Adam Castler is our vice president. He oversees our entire markets including national and international markets. He just trusts my work with the Korean market, and lets me do my work more freely without being often intervened by anyone.”

“Hmm.”

“Also, I am in charge of the entire sales work as well as the director of our sales department. I’ve received the sales report from our companies overseas. It is true though that Mr. Vice President Adam Castler often talks with our overseas presidents in China and India since he speaks English.”

“Are we currently selling 600 tons of raw materials in Korea per month?”

“Yes, sir. But we are expecting to see an acute increase in sales for GH Mobile starting this month because of GH Mobile’s production increase per their new product orders from A Electronics.”

“I’m not sure if it’s okay to have a sudden sales increase for GH Mobile since two companies are related.”

“It’s okay, sir. I don’t see any problem there, especially legal ones. It’s not like GH Mobile makes its product orders from Dyeon Korea solely to serve a particular individual’s interest or anything like that. The government wouldn’t be able to raise any issue if we can prove that the internal business between two related companies makes our work more efficient.”

“Hmm, you think so?”

“Moreover, Dyeon Korean is not fully owned by GH Mobile, but it’s a joint venture company. GH Mobile selected Dyeon Korea as its supplier because of our high-quality product. No one would be able to make any complaints about it.”

At that moment, the secretary—Ms. Seon-Hye Yee—brought two cups of tea.

“Huh? The tea smells different. What kind of tea is this?”

“It’s jujube tea, sir.”

“Jujube tea?”

“Yes. My mom made it.”

“Oh, it’s your mom’s tea, not from a market. Hmm, it smells really good.”

Gun-Ho and Director Kim enjoyed the jujube tea.

“It’s really good. I’m sure this tea is good for our health.”

“Jujube tea contains various vitamins. It is good for the kidney and beneficial for people with high blood pressure.”

“Hmm, really? Thank you so much, Ms. Seon-Hye Yee for the tea.”

Secretary Seon-Hye Yee blushed and left the office.

Director Kim said while having his tea, “Ms. Seon-Hye Yee is from a good family. I guess her mother is elegant and makes good tea too.”

“I suppose so.”

Gun-Ho and Director Kim continued to enjoy their tea while sitting at the table facing each other. Gun-Ho asked Director Kim after taking a sip of his tea, “How much volume of product orders can I expect from A Electronics? What do you think?”

“Well, I would say that you can safely assume that GH Mobile could make 10 or 20 billion won yearly from A Electronics. It’s huge. I’ve been in the field for more than 20 years, and this is my first time to see this much leap in sales in a single company.”

“Do you know how much I am aiming to make annually from A Electronics?”

“I don’t know... maybe 20 billion won?”

Gun-Ho shook his head.

“Then, 30 billion won?”

“Gun-Ho shook his head again.”

“Then...”

Gun-Ho said with a serious look on his face, “I’m aiming at making 100 billion won within a year.”

“What? 100 billion won?”

Director Kim spilled his jujube tea on his pants in surprise.