Chapter 352: 352
It was Tuesday . Gun-Ho was supposed to go to work at the office in his building in Sinsa Town, Seoul City .
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When he arrived at GH Building in Seoul, he went straight up to the 18th floor where his office with GH Development was located . On the contrary, Chan-Ho Eom went down to the basement level-1 . His desk was located in the maintenance office in the basement . Chan-Ho spent time there while standing by . He played some games with his smartphone and he also recorded his daily travel with Gun-Ho .
Gun-Ho was having a cup of tea that his secretary—Ms . Yeon-Soo Oh brought to him .
Director Kang was giving a report to Gun-Ho on the building's loss and profit . When it was almost over, Gun-Ho was informed that President Jeong-Sook Shin would visit the office that day . Gun-Ho told her that,
"You don't have to come to the office . If you have anything you want to report to me, you can do so through email . "
"No, sir . I want to make a report to you face-to-face . "
President Jeong-Sook Shin arrived at the office in GH Building .
"The art exhibition of the Chinese young artists' avant-garde arts was a success even though I'm not 100% satisfied . The profit for us is exceeding 30 million won, won't you?"
"You will be busy planning another exhibition for the art gallery . "
"I am actually planning to host an art exhibition of watercolor paintings of Korean painters . It won't be a solo art exhibition, but four painters will participate in it . These artists are not very well-known though . But I see their potentials and I want to provide them a space where they get their chance to communicate with the public through their artworks . "
"Hmm . "
"Let me give you the report on GH Media's profit and loss of last month first before I continue to explain about the plan with the art gallery . "
"Sure . I'm all ears . "
"As to our publishing business, GH Media just released the tenth book of the world-history cartoon series . It is true that the market for paper books has shrunk but children's books are still selling well . We have published five business management books, two Chinese history books, six Japanese essay books, and two other books . So if we add the cartoon books, we have published twenty-five books so far and we made 45 million won last month . "
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"Well, it's actually more than I expected . "
"The profit is 10 million won after we deduct the labor cost and other expenses of 35 million won . We will use that 10 million won to publish our next books . "
"Hmm . "
"Fortunately, we made extra revenue by hosting an art exhibition last month . We made 34 million won in hosting Mr . Ding Feng's art exhibition and we spent 4 million won as an expense . So the profit of last month from the art gallery alone is 30 million won . "
"So the total revenue of GH Media including publishing work and art gallery income would be 79 million won in total . "
"Right . We can't compare GH media's revenue with your other companies such as GH Mobile or Dyeon Korea though . "
"You did a great job, especially given the fact that you only have several workers . "
"What is the monthly sales revenue of GH Mobile, sir?"
"They made 7 . 2 billion won last month alone . "
"Wow . Hahaha . It's 100 times of the GH Media's revenue . "
"Well, you have to consider that I invested significantly more to GH Mobile than to GH Media . So, don't worry about it . You don't compete with them . "
"I expect that we will do better next month . All of the profits we made from the art gallery will be reinvested in the publishing work . Also, the book café started generating income as well . "
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"How is the book café doing?"
"During the art exhibition period, its daily sales revenue went up to 700,000 won . Its usual daily revenue is 500,000 won though . That makes its monthly sales revenue of about 15 million won . After subtracting the rent, labor costs, and other expenses, it will leave us with seven to eight million won . "
"As long as we don't lose money, then it's good . "
"Let me talk to you about next month's plan, sir . "
"Please go on . "
"Next month, I'm planning to host an art exhibition of the French master of color aesthetics . The artist's name is Marion Kinsky . "
"Is that person famous?"
"Yes, she is . Art lovers certainly know her . "
"How did you get in contact with that artist?"
"I touch-based with a French art gallery that I worked with before when I was a curator in an art museum . I want to go on a trip to France next week . "
"Sure if that's necessary . "
"This art exhibition will work greatly as another marketing effort for the GH Art Gallery . "
"That sounds great . I will support you . "
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"During the Chinese young artists' art exhibition, the artist—Yue Zhihong's artworks sold the most . He donated one of his artworks to us . It will cost more than 20 million won . I will leave it with you . "
"Why are you giving it to me? Doesn't it belong to you?"
"Hahaha . I am not the owner of GH Media, sir . You own the company 100% . That artist donated his artwork to GH Art Gallery and it surely is not mine . "
"Well, I'm not sure if I have an appropriate space to keep it . "
"It's framed . You can take it to your home, or you can hang it on the entrance wall of GH Mobile . Or you can display it in your office or a conference room at the company . The longer you keep the artwork, the higher its value will possibly go up . "
"Hmm, are you saying the price of that artwork will go up from 20 million won to 30 million won someday?"
"That's right . That's why many wealthy people purchase artworks of a very famous artist for that purpose . They see it as an investment . "
"Really?"
"A painting is often used as collateral for a loan as well . "
"Really?"
"I heard that Jeong-Hui Kim's painting from the Joseon dynasty was recognized as collateral for the loan of hundreds of million won from a bank . "
It intrigued Gun-Ho .
'Hmm, this is a very interesting field . '
"Let me ask you this . What was the name of that French artist you talked about earlier?"
"It's Marion Kinsky, sir . "
"That Mr . Marion Kinsky person…"
"Actually, it's a female artist . "
"Oh, I see . My question is… Can I buy one of those Ms . Marion Kinsky's paintings on the first day of the art exhibition with us, and then I resell it on the last day of the exhibition at a higher price?"
"Theoretically, yes, it is possible . However, that wouldn't make our art gallery look good though . "
"Well, I'm not saying I will do it, but I'm just asking if it's possible . "
"And, we might have another good news waiting for us next month . "
"What is it?"
"We began to print out the Japanese book—The person who wakes up in the morning's fifth edition . There is some indication telling me that this book will be a bestseller . Once a book gets selling very well, it tends to continue to sell very well . There are some signs of it . "
"I didn't really like that book… I found Professor Jien Wang's book more valuable and helpful for readers . "