Chapter 491
Gun-Ho went to work at his office in GH Building, Sinsa Town .
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President Jeong-Sook Shin, who was working downstairs, came up to Gun-Ho's office .
"Thank you for coming the other day to the costume play event with your wife . "
"So many people came, and I could feel their excitement . I guess the event was successful . "
"The items related to the event and souvenirs, that were brought by Mr . Yoshitake Matsuda from Japan, are sold out . "
"I guess you made some profits, huh?"
"The items targeted at children are not very expensive . I think we made several million won from the sale . "
"As long as you didn't incur any loss for hosting the event, it's good . "
"Our workers commented after meeting Young-Eun that the president's wife looks so elegant . And Assistant Manager Ji-Young Jeong and Ms . Yeon-Soo Oh here agreed to it . "
"Well, I guess they are just being polite . "
"No, sir . Young-Eun looks prettier since she got married . "
"Haha, you think so?"
"Since we have enough cash in the company's reserve, I've made another contract with an agency for ten educational books . "
"I see . "
"GH Media has published more than 50 books so far . It's a stable publishing company now since, whether it sells a lot or not, books are being sold on a daily basis . "
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"Hmm, really? Oh, you know what? I have something that I'd like to discuss with you . Do you have time to talk now?"
"What is it about?"
President Jeong-Sook Shin's eyes widened as Gun-Ho asked for her time to discuss something .
"Let's first have a cup of coffee . "
Gun-Ho asked Secretary Yeon-Soo Oh to bring two cups of coffee .
While having coffee, Gun-Ho started talking .
"There are lots of production companies of soap operas in Shanghai, China, either big or small . "
"Of course . China is a huge country . "
"I've received a request to invest in one of those production companies . "
"A production company of soap operas? It will cost a substantial amount of money . "
"I am aware of it . I was thinking that GH Media should make the investment . "
"Huh? GH Media? Even though GH Media becomes stabilized, it is still a small company . We don't have that much money . "
"Don't worry about the funds . I will personally handle the necessary investment funds for it . I just want to use GH Media's name to invest . "
"Do we need to increase our capital then?"
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"It won't be necessary . It will be like this . I, an individual, will lend my personal funds to GH Media for a short term, and GH Media will use the funds to make an investment in China . Of course, we will have to file a report with the foreign exchange authority since a substantial amount of money will be transferred internationally . "
"I haven't run a large company before with a significant amount of money . Also, I don't have any knowledge in the soap opera industry . "
"The production company in China will take care of the soap opera business . We just need to make an investment . Since you are the president of GH Media, you will have to sign the contract . "
"What if it doesn't go well? I've heard that the movie or the soap opera business is highly risky . "
"As I transferred part of the company shares to you last time, currently I own 95% of GH Media while you have 5% of them . If the production business succeeds, you will earn 5% of the profit . If the business doesn't go well and if we happen to file a bankruptcy, so if we have to pay the national taxes, I will be liable for 95% of them, and you will have to pay 5% of them . "
"I don't know, sir . I'm just puzzled . "
Gun-Ho was thinking that he should prepare 10 billion won as investment funds for the production company in Shanghai and the Antang City's terminal project .
"The branch manager of the stock brokerage company told me the other day that I can expect to earn 4 . 25 billion won for my 170 billion won in my account . I wonder how much taxes would be imposed for the income . Also, I received a dividend of 950 million won from GH Media and Min-Hyeok's company in China . How much tax should I expect to pay?"
Gun-Ho called for the accounting manager who had a tax accountant license . His name was Jin-Young Hong .
"Mr . Assistant Manager Hong! Please come to my office . "
Assistant Manager Hong stopped what he was working on and came to Gun-Ho's office .
"Please have a seat . "
Assistant Manager Hong looked at Gun-Ho's face while sitting on the sofa .
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"I have a few questions to ask you since you have a tax accountant license . "
"Of course, sir . "
"Someone I know received an interest income and dividend income . How much tax would be imposed for those incomes?"
"If both types of income occurred, that person is subject to aggregate taxation on financing income . "
"What percentage should he expect to pay?"
"Aggregate tax on financing income is a cumulative tax, so the tax rate depends on the person's amount of income . "
"Hmm, really? Then can you give me the range of the tax rate?"
"It's from 6 to 42% . What is his total income?"
"I was told that it's about 6 billion won . "
"Wow! 6 billion won? Then his tax rate will be definitely 42% . If a person's total income exceeds 500 million won, the applicable tax rate is 42% . "
"He will have to pay more than 2 . 5 billion won for tax then . "
"That's correct . Even though he pays that much tax, that means he is making that much money . Only a few people would make that much in our country . He must be a happy man . "
Gun-Ho couldn't smile .
"Hmm, I see . You will have to pay more taxes as you make more money; that's how it works, I see . Okay . You can go back to your work . "
After the assistant manager left Gun-Ho's office, Gun-Ho threw a pen to the floor .
"F*ck! The National Tax Service is robbing us . "
Gun-Ho gulped down water and tried to stay calm .
"Well, I should pay taxes as I make money . That's how I contribute to the country . Nothing is determined yet . I didn't even get a bill for my tax dues . Let's wait and see . "
Gun-Ho received a call from Dyeon Korea's Mr . Adam Castler .
"I came back from China . "
"Is everything fine?"
"Yes . I've conducted a thorough inspection, but I didn't find any problem . The amount of cash in the reserve is accurate as well . "
"I'm not surprised . Dingding is a meticulous person . "
"I've also verified that more than 90% of their clients are Korean companies . According to President Min-Hyeok Kim, he spent a lot of money in developing Korean clients . That's why we let them keep running the company . "
"Of course . "
"As to the land where the storage is located, in my opinion, its appraisal is a bit overvalued . However, since the price of the area's real properties is on the rise, I decided to let it go . "
"You will see . You will soon see the price of the land increasing dramatically . "
"Okay, sir . Let's sign the contract . Why don't you come to Dyeon Korea?"