Story of a Big Player from Gangnam

Chapter 779: IPO Presentation (1) – Part 2

Jong-Suk Park said, “That shouldn’t be enough. Opening a new factory must take a huge amount of money.”

“If you put your funds as much as the amount that you can handle, I will put the rest of the necessary funds. I will take care of it.”

“So, if I invest 100 million won, you will invest 900 million won, and then we share the profits accordingly, huh?”

“Of course. You will have your monthly salary to the level of a president since you will be the one who is running the company. At the end of each year, we will share the profits proportional to the amount that we invested. Say, you invested 100 million, and I invested 900 million, and the company generated a profit of 1 billion won, you would take 100 million won per profit sharing.”

“Hmm.”

“I really want you to do this. Once you start running your own business, you will learn a lot of things, and you will also be able to see a lot of things as well. You can start as a small company with one worker who will handle the accounting. You will learn a lot. I can tell you that.”

“Hmm.”

Jong-Suk Park ate his pork cutlet without saying anything for a while. He then said, “By when do I have to give you my answer?”

“I’m hoping you can let me know by tomorrow. You need to quit GH Mobile, so you could sell your shares. The shares obtained through the employee stock ownership program cannot be sold for a year.”

“Really? That’s why you asked me to sell my shares? You already planned that I open my own business.”

“You can say that. Jong-Suk! You have to know this. You don’t need a lot of money to start your own business. You can rent a factory, and you can hire only a few essential workers who would handle machines and one accounting staff.”

“Hmm.”

“We can name the company as GH Machines or anything that you want to call it.”

“GH Machines? That sounds great. I do like the name. I feel like you have been planning this business for a long time.”

“Not really. You can just build those machines for Dyeon Korea for a while at first, and then you can expand the business by building other kinds of machines. A lot of companies including GH Mobile and its client companies like S Group, Egnopak, Mandong Company, etc. need machines. We can build machines for them too.”

“Hmm.”

“Also, we can buy machines for a very low price from the factories that went broke, and we repair or refurbish them and sell them. We can make money that way too.”

“Hmm.”

After finishing his pork cutlet, Jong-Suk Park said as he was wiping off his mouth with a napkin, “What do I tell President Song when I quit the company?”

“Well, you can come up with a nice excuse.”

“Maybe I will tell him that it has not been easy to work with a manager who is a lot older than me.”

“Well, you can say that, but I would tell him that you want to start your own business— GH Machines. Say that it was your idea of opening a new business, and I helped you a little bit financially.”

“Hmm, that sounds good. I understand that I have to quit GH Mobile if I want to sell my shares. I will give you my answer by tomorrow.”

“Okay.”

Gun-Ho headed to Dyeon Korea after lunch.

When he stopped by the production site, the maintenance team’s manager— Manager Ahn— quickly came to greet him. He then gave a 90-degree bow to Gun-Ho.

“Sir, I went to your office after my mother’s funeral ended to thank you, but you were not there.”

“You don’t have to thank me for it. It must have been hard for you for the past several days.”

“I truly appreciate you and others who came to the funeral. Thank you, sir.”

“I talked with Director Jong-Suk Park earlier. He felt sorry that he couldn’t stay with you longer during the funeral period, especially, he thinks he should have been with you at the cemetery in Gimcheon City for burial. He had another funeral that he had to attend at that time for the lady worker in GH Mobile.”

“Director Park stayed with me for two nights. I don’t know how to thank him for it. I was the one who asked him not to come all the way to Gimcheon City.”

“Oh, I see. How is the maintenance team lead in China doing? I wonder if he is handling the work there without any problems.”

“He is good. He can handle most machines. Also, GH Mobile’s former plant manager is working in Suzhou City, China. He is providing some advice to the workers in Dyeon China now. I believe we don’t have to worry about it.”

“Oh, that’s right. GH Mobile’s former plant manager is working with President Min-Hyeok Kim there. Well, I guess I shouldn’t take more of your time. You can go back to work, Mr. Manager Ahn.”

“Thank you, sir.”

When Gun-Ho went into the production site, Manager Hee-Yeol Yoo was measuring a product’s hardness with a portable testing device.

“Mr. Manager Yoo, how are you?”

“Hello, sir.”

“I guess I haven’t seen you since you came back from India. I wonder how the workers in China and India are doing.”

“They should be okay. I left the procedure and work manuals with them, and gave them hands-on training several times while I was there. 80% of the products that we are manufacturing here can be handled by those workers overseas.”

“Hmm, I see.”

“Since we lost two workers at the research center by sending them overseas, I filled up those two positions right away. Mr. Director told me that we should train many workers at the research center since we will probably open more factories in other areas in the future. So, I was thinking of bringing two or three more workers to the research center soon.”

“Hmm, that’s a good idea.”

“I told those workers in India and China to give me a call at any time when they need my help, but I haven’t received any call from them until now. I guess they are doing fine.”

“Hmm, that’s good to know.”

Gun-Ho went up to his office on the second floor.

The internal auditor followed him to his office.

“The IPO presentation has been scheduled.”

“Right. I received a call about it too.”

“It will be held in 63 Building, and we should be there.”

“Give me a copy of the presentation document. I think I’d better practice giving the presentation, at home. I’m not very good at doing a presentation...”

“We just need to show our company’s current status to the investors, and also show them that our company has a great potential to grow.”

“Hmm.”

“So, I added several photos of our research center, and the large extruding machines producing our products to the presentation materials. Also, the photos of our factories in China and India were added too.”

“Good. Maybe we should show them the photos of our various certificates that we recently obtained as well.”

“We did. We attached the photo of our environmental management system certificate, and also the technical evaluation report that we obtained when we were officially recognized as a start-up company with technology.”

“Well done.”

The internal auditor said, “I guess you will make a substantial amount of money soon, sir.”

“The company’s value will go up, but it’s not like I will have cash coming into my pocket, is it?”

“You make money as the company’s value goes up, sir. Our company will be infused with funds through the stock market, and we can expand our business by building more factories here and there overseas. That means that our revenue will increase, and we will make more profits.”

“That’s true, but since GH Mobile is the major shareholder of Dyeon Korea, the profits will flow into GH Mobile, and GH Mobile’s dividends will be distributed.”

“Speaking of which, GH Mobile is doing exceptionally great this year. Their revenues are strikingly high.”

“That’s because the product orders from S Group and H Group have increased substantially.”

“GH Mobile hasn’t distributed its dividends for the past two years. Are you planning to do it this year?”

“I’m still reviewing the possibility. Oh, I wanted to ask you about this. It’s about the shares purchased through the employee stock ownership program. I was told that those shares cannot be sold for the next 1 year after the shares become available to trade in the stock market.”

“That’s correct, sir.”

“If we happen to have some workers who wish to no longer work with us or have some other unavoidable circumstances, please proceed with their marketable securities transfer request.”

“Okay, sir. Those are the exceptions to the rule. I believe we might see maybe one or two workers with the situation, if any. I will proceed as such if I see one though.”

“Sounds good.”

“Why don’t you distribute GH Mobile dividends this year since it will generate good profits this year? I believe Lymondell Dyeon wants to receive their dividend too.”

“I will take it under consideration.”

“Okay, sir. I will get back to my work now. And, I will bring you the presentation document right away.”