Chapter 301: 301
After Director Yoon's brief description of the factory construction and the layout of the building, the ribbon-cutting ceremony ensued .
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At the ribbon-cutting ceremony, Gun-Ho stood in the middle with Mr . Adam Castler standing next to him . Some of the guests were invited to join them such as a local congressman, city official, chief police officer, President Jang-Hwan Song, and GH Media's President Jeong-Sook Shin .
The ribbon-cutting ceremony looked decent as some conspicuous guests were participating like a foreigner, a man in a police uniform and other neat people in a business suit .
As they were cutting the ribbon, Jong-Suk Park set off the fireworks . Gun-Ho was wondering where he bought those fireworks from . Gun-Ho could hear camera flashes along with the fireworks noise . The local newspaper journalists were taking pictures of the ceremony .
Even after the ceremony was over, the local government officials were busy taking pictures with Gun-Ho in front of the banner showing it was the building dedication ceremony for a joint venture with an American company . After they were done with photo shooting, they left without joining other people at the reception . They didn't even bother looking around inside the newly constructed factory building .
"Ha . Damn . They seemed to have come here to take pictures . They are leaving without even attending the reception . "
"Well, maybe that's good for everyone . "
The snacks and beverages that were prepared for the reception were all enjoyed by the employees .
"Sir, I have something that I'd like to ask you . "
Gun-Ho turned around to see who was talking to him . It was Director Dong-Chan Kim .
"At the congratulatory speech, I've heard you saying that GH Mobile contributed the land as a co-venturer of Dyeon Korea, but not the factory building . I'm not sure if that was intended or if you just forgot to mention the building . "
"I intentionally didn't include the factory building in our investment in-kind for this joint venture . "
"Why is that so?"
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"We can use the building when we increase the company capital later . "
"Increasing capital?"
"Yes . For example, let's say we generate ordinary income of 5 billion in the first year . We leave 1 billion out of 5 as retention money, and we use the remaining 4 billion as dividends . "
"In that case, GH Mobile and Dyeon America would receive 2 billion each . "
"Right . Even though GH Mobile would take 2 billion of dividends, we wouldn't send the other 2 billion to Dyeon America, but instead, we would re-invest it into Dyeon Korea . "
"Ohhh . So at that point, we value the factory building for 2 billion, and we use it to match Dyeon America's additional 2 billion investments?"
"That's right, Director Kim . You are so quick in understanding my intention . "
"Did you already talk about this with Dyeon America?"
"It's about the company capital . The building will be appraised later . Additionally, once the company goes public…"
"Oh, I see, I see . Then the value of the company share will go up dramatically . The people in Dyeon America must have already calculated that possibility . They must be very smart . "
"Director Kim, did you use an expensive shampoo this morning in washing your hair? Your brain seems to work great today . "
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"All the necessary furniture and stuff will arrive this afternoon . Until then, This is not a good place to stay, sir . Why don't you take a rest at the office in Jiksan Town?"
"You did a good job today, Director Kim . "
"I don't think I did a lot of work, but thank you, sir . "
"Well, why don't we have lunch altogether? Let's meet at Onyang Hot Spring Hotel for lunch . Come with Mr . Adam Castler and Mr . Interpreter Lee to the hotel . I will meet you there . "
"It's only 11 am now . Are you going to stop by the office in Jiksan Town before lunch?"
"No . I will take President Jeong-Sook Shin to the train station before heading to Onyang Hot Spring Hotel . She is having a tour of the factory right now . "
"She could join us for lunch . "
"She told me earlier that she wanted to go back to Seoul before lunch . I will ask her again . "
"Maybe we can have lunch early . We will have to come back here once the furniture and stuff arrive this afternoon anyway . "
"Sounds good . Then, let's meet at the hotel around 11:50 am . "
President Jeong-Sook Shin said she would just go to KTX station without having lunch, but Gun-Ho insisted strongly and took her to Onyang Hot Spring Hotel for lunch . They decided to stay at the café inside the hotel while waiting for the other party .
"You have something urgent you need to attend to in Seoul?"
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"No, not really . I just didn't want to impose . I feel bad, especially our small company—GH Media—isn't generating much money yet, and I know you are so busy and occupied in running a huge company here . "
"Don't say that . A company starts small, and they grow big later . We usually don't start a business on a large scale right away . "
"At the ribbon-cutting ceremony earlier today, I was thinking if I'm actually qualified to attend the ceremony like that . There were government officials and politicians . "
"That's a silly thing to say . Just have lunch with us before going back to Seoul . I insist . I will be very happy if you join us for lunch . Director Kim and Mr . Adam Castler will be here soon . You remember the interpreter—Mr . Lee? You are the one who introduced him to me . He will be here too . "
"They are all from Dyeon Korea . I don't want to interrupt you in doing your business . "
"No no . Oh, you know what? I talked to Seukang Li earlier about your suggestion on Mr . Ding Feng's art exhibition in Korea . He was very interested in it . "
"Oh, you already talked with him over the phone?"
"He said that since he is in charge of cultural affairs and arts, he knows a lot of painters and artists . He was suggesting having an art exhibition for Chinese young painters . He is more than willing to introduce good artists and an art gallery . "
"Really?"
President Shin looked a bit down that day until she heard Gun-Ho talking about the art exhibition .
"I don't know much about paintings, but I read from a newspaper the other day that in China, there are a lot of good young painters with non-figurative paintings . "
"That's right . There are many Chinese young painters who are well known worldwide . What I like about that is that they are not afraid of challenging new areas . "
"Min-Hyeok will soon have his wedding in Korea . Once Mr . Ding Feng comes to Korea, you will have your chance to discuss it with him . Seukang Li is very interested in Mr . Ding Feng's art exhibition in Korea . "
President Shin smiled .
While Gun-Ho and President Shin were conversing, Director Kim and Mr . Adam Castler arrived .
"Let me make an official introduction . Mr . Adam Castler, this is GH Media's president—Ms . Jeong-Sook Shin . "
Jeong-Sook Shin offered her hand to Mr . Adam Castler for a handshake with a smile .
"Oh, a pleasure to meet you, ma'am . "
Mr . Adam Castler actually spoke in Korean . He already started picking up a few Korean words .
As Jeong-Sook Shin gave him her business card, Mr . Adam Castler looked at the English version on the back of the business card .
"Oh, it's a publishing company!"
Mr . Adam Castler extended his hand to President Jeong-Sook Shin for another handshake .