Chapter 206
The Japanese engineer—Mr . Sakata Ikuzo—trained the skilled workers at YS Tech for the next two days in attaching the aluminum ring to the new product . Mr . Sakata Ikuzo initially planned to train them for three days, but two days was enough for the workers to be familiarized with the task; it was a simple task after all .
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Subsequently, YS Tech sent 50,000 pieces of aluminum rings that were ready to be attached, to GH Mobile . Gun-Ho then went to see President Young-Sik Park of YS Tech .
"President Park, according to your estimated product cost of the rings, the cost per unit is 640 won . We will have to adjust the price . I am personally close to you like a brother, but business is business, right?"
"Haha . Don't be too harsh on it . We need to make our livings too . "
"I reviewed the product cost that you sent to us . The labor cost and manufacturing expenses were estimated way too high . "
"To be honest with you, yes, that's true . I exaggerated a bit those expenses because I want to repay the money I borrowed from you . Can we just leave it like that?"
"I am not the only one who reviews the product cost . Our sales department will be reviewing it as well, and they will find out . "
"I understand that . I just want to repay you the money I borrowed as soon as possible . Whew . "
"How were you going to repay it?"
"If we sell you those 50,000 pieces of rings, we get 32 million won per month . I was going to send you 10 million won out of that 32 million won . Is there any way you could just approve our estimated product cost?"
"Let's do this then . I will need some sort of justification for my approval, which I can tell to the sales department . Let's make it 600 won instead of 640 won . That way, I can tell my sales department to take the price as it is since I already negotiated with you . With 600 won per unit, you can still make 30 million won on a monthly basis . That way, you can still send me 10 million every month . "
"Well, it's going to be tight for us, but okay, let's do it . I really want to repay you as soon as I can . "
"It will take only 20 months . You will be off the debt then . "
"Thank you, President Goo . You are indeed my savior . "
President Young-Sik Park held Gun-Ho's hand with his thick hand . Gun-Ho would soon collect the money that he lent to President Park . Nothing was free in Gun-Ho's world . If Gun-Ho helped a person to survive, then he would collect what he spent in saving that person .
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GH Mobile's new product—AM803 Assembly—had been sent to the big company—S Group—with a ring that was manufactured by YS Tech, attached to it . S Group highly evaluated the quality of Gun-Ho's factory product . The consumer reviews on the S Group's products that used AM803 Assembly were really good . Accordingly, S Group increased its order from 50,000 to 100,000 units on a monthly basis .
"The unit price is 4800 won, so it's going to be 480 million won for 100,000 pieces . Our annual sales revenue will increase by 5,760 million won . "
Jong-Suk came to Gun-Ho's office to talk .
"Bro, we need one more extruding machine from Germany . "
"Are we experiencing a shortage of capacity in the factory?"
"Even with overtime work at night, we can't produce enough products to satisfy S Group's order . "
"Okay . We will have to order the machine as soon as possible then . It will take time for them to ship the machine . I will request it to our International Business Development team . "
"It's going to cost a lot, right?"
"Don't worry about the cost . I will place an order for two extruding machines . "
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"Two of them? It's going to cost you really a lot . "
Jong-Suk was leaving the office with his head tilted when Gun-Ho called him .
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"Hey, Manager Park!"
Jong-Suk turned around .
"How is the Polytechnics College?"
"It's going okay . I have time to go to college for a night class since I just do the chemical mixing at work . The other workers in the production field do the rest of the task . "
"Keep it up . Once you get your associate degree from there, you will have to transfer to a 4-year college . "
"Do I really have to do that?"
"You will be managing more and more workers soon . You have to finish your studies when you are still young . Look at the plant manager . He graduated from Inha University, College of Engineering . "
"Well, I actually learn new things in college . "
"You sh*tty man . I knew you would be good in college . "
Gun-Ho tapped Jong-Suk's back .
Once Jong-Suk left the office, Gun-Ho called for the team leader of the International Business Development Team . The team didn't actually involve themselves with work, such as developing a market overseas or doing import or export goods . Many consumers of GH Mobile were big companies that had a factory abroad, and GH Mobile's International Business Development Team undertook the task of sending GH Mobile's products directly to those factories . It was a small team with simple work . They didn't even have a worker who could speak English fluently in that team .
"Sir, did you ask for me?"
"We are currently using extruding machines made in Germany, right?"
"That… that's correct . "
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"We need two more extruding machines . Place an order for the exact same machine from Germany . "
"Can I have the address of the German company where we should place an order from?"
"The plant manager probably has the German company's pamphlet . You will find their address there . "
"Yes, sir . "
"We have a customs agent that we have been working with, right?"
"Yes, there is one . "
"They do the customs compliance service as well as receiving our products on behalf of us . Is it correct?"
"Yes, sir . They do . "
"Make a call to H Capital and tell them that we are getting two extruding machines from Germany and ask them if they can make those machines as a lease . "
"Huh? A lease?"
"That way, H Capital owns the extruding machines, and our company leases the machines from them . We don't have to pay for the machines in a lump sum, right? We already have too much debt that we haven't paid yet . "
"Yes, sir . "
"After using the machines by lease for a while and once the machines' value depreciates, we can acquire them by paying the remaining balance of their price . "
"Huh?"
The International Business Development Team's leader seemed to have a hard time understanding the monetary side of the business .
"We will deal with the acquisition of the machines later . Talk with Capital H and find out if they can work it out, leasing the machines to us, for now . "
"Yes, sir . "
Gun-Ho didn't want to make an unnecessary expenditure even though he had enough money .
When Gun-Ho checked his cell phone, there was a missed call from President Jeong-Sook Shin of GH Media .
"Why did she call me?"
Gun-Ho called President Shin .
"It's Gun-Ho Goo . I think I missed your call . "
"Yes, I called you earlier to talk about Professor Jien Wang's book—Economy Trend in China for the 21st Century . "
"The translation hasn't started yet for the book?"
"We have to make a contract for publishing the book, and I was not sure if we need to make it with Zhejiang University Publisher or the individual Professor Jien Wang . "
"Hmm . I don't know about those things . Which one is better?"
"If we make a contract with the publisher, they will charge their fees . However, if we do it with Professor Jien Wang personally, there will be no fee, and it's better for him . "
"Well, let's do that then . "