Chapter 528: 528
Director Kim came back from the business trip to India . He was giving a report to Gun-Ho .
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"The company is officially established in India . Its director's register is currently listing three directors— Manager Jong-Geun Lee who is in India now, a local Indian worker whose name is Anirvan Khan, and myself . Mr . Anirvan Khan is a local person recently hired by Manager Jong-Geun Lee . He speaks English very well . "
"Do you think that we can trust him?"
"He looks alright . I think he is good . "
"Did he already get the business license issued as well?"
"Yes, it clearly shows that the company was established with 100% of investment funds from Dyeon Korea . I brought a copy of its business license . "
"Hmm . "
"That company was formed as an independent company in India, rather than a branch office of Dyeon Korea . Therefore, it could later start manufacturing products if we want it to . As you can see in the photos, its storage has a structure and a yard . In my opinion, it has enough space to store 100 tons of raw materials . Manager Lee hired a security officer for the storage as well . "
"Have you met with our clients in India during the trip?"
"Yes, I visited Mandong Company, Egnopak, and S Group . All of them seemed to be very happy with the fact that we are joining them to the area . Fortunately, Manager Jong-Geun Lee, who used to work as an interpreter for Mr . Adam Castler, is about the same age as other overseas presidents of those companies . I'm sure that he will get along with them just fine . "
"That's good to hear . "
"Also, Manager Lee seemed to feel relieved when the initial investment funds of 100,000 dollars were transferred to the company account . It doesn't matter whether it's the company's funds or your personal funds, but you need enough funds on your hands to feel more comfortable when you are away from home . "
"I know that . It wouldn't be just a feeling of discomfort, but you would feel terrified when you have no money on your hands, especially when you are far away from home without your family or friends . "
"As a start, we sent 50 tons of raw materials to India . In determining the price for them, we had to consider the shipping fee, so we priced the products for 4 . 4 million won per ton rather than 4 . 5 million won per ton . "
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"Did Mr . Adam Castler agree with the export price to India?"
"Of course, sir . We now have clients— Mandong Company, S Group, and Egnopak there . Other than those client companies, how many more clients we could procure from now on is up to Manager Lee's sales ability . "
"Hmm . "
"Since Manager Lee has no problem communicating in English, he is currently contacting companies in Europe . "
"I understand that we are now sending a significant amount of our products to China and India, but I believe that we have enough manpower and system to handle the workload without making our workers stay overnight . Am I right?"
"Yes, sir . We don't need to work at night . "
"Well done, Director Kim . You must be very tired from the trip to India . Please take a deep rest now . "
"Thank you, sir . "
When it was almost the end of July, the weather was getting hotter and hotter every day .
Gun-Ho went to GH Mobile to work that day . He received a call . It was from A Electronics' CEO Park who Gun-Ho played golf together the other day with Minister Jin-Woo Park .
"Oh my, hi . How are you, sir?"
Gun-Ho felt grateful that CEO Park contacted him first . He then wondered if CEO Park called him to ask for playing golf again with him . In fact, Gun-Ho really enjoyed playing golf with his friends, but it was not so fun playing golf with people who he had to be careful dealing with . It gave him constant stress while playing golf with people like that .
"I will be in the area today . I have a business that I need to attend at Dankook University Hospital in Cheonan City . I'd like to stop by your office afterwards if it's okay with you . It's not an official visit, so please don't tell anyone, but let's just meet quietly . I will see you within an hour then . "
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'What does he mean by meeting me quietly? What's it that he is not telling me?'
Whatever agenda that CEO Park had in mind, Gun-Ho felt a bit nervous . He is the CEO of a company that most of the young people in Korea wanted to work for after all . Gun-Ho called for Director Jong-Suk Park quietly .
"Director Park, someone is visiting our factory one hour from now . Please get the production site ready to show how clean it is . Don't tell it to the workers, but just have them organize incomplete products that are scattered everywhere at the site . "
"No problem . Who is coming?"
"Just someone who I know . Don't ask me more though . "
CEO Park came to Gun-Ho's factory by himself; he was not with his chauffeur . In the visitor's book, he indicated that he was a college friend of Gun-Ho .
Secretary Jeong-Hee Park came into Gun-Ho's office to inform CEO Park's arrival .
"Sir, I just received a call from the security office . Your college friend— CEO Park— just arrived . "
"My college friend? Oh, oh, okay . Please let him in when he gets here . "
After a moment, CEO Park entered Gun-Ho's office .
"I just stopped by your office since I was in the area . I was hoping to take a look around your factory and have a cup of tea with you . "
At that moment, Secretary Jeong-Hee Park brought two cups of tea .
"You haven't told anyone that I would be here, have you?"
"No, I haven't . Many of our executive officers are out of the office at this very moment anyway . "
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"I had a quick glance at your factory on the way to this office . It looked very clean . Is it a newly constructed factory?"
"Yes, it is . We had a building dedication ceremony about one and a half years ago . "
"Do you have lots of workers?"
"We have about 300 workers here . "
"Can I take a look at the production site before I leave?"
Gun-Ho was wondering, 'Is he thinking of having a business with us?'
Gun-Ho responded, "Of course . Would you like to take a tour now?"
A Electronics' CEO Park stood up from his seat right away showing that he was ready to take the tour . He didn't even finish his green tea .
He said, "I will just take a look at the production site . It will be brief . You don't even need to alert the managers there . I don't want my presence to disturb their work . "
Gun-Ho showed CEO Park around the factory himself . When he saw Director Park coming in the direction to Gun-Ho, he gestured for him not to come near . A Electronics' CEO Park walked at a rapid pace when he looked around the production site . When he finished his tour, he said, "It seems to be very well organized with a good system for a mid-size company . A factory needs to be clean with clearly established rules to follow . That way, the factory can reduce the defect rate on their products . For that aspect, I would give a big pass to this factory . "
"Thank you . "
"Do you mind if I ask how much sales revenue that this company is generating?"
"We made 81 . 6 billion won last year . We are anticipating more than 90 billion won for this year . "
"Hmm, I see . "
"Also, we are aiming at registering the company with KOSDAQ the year after next . I believe that we can make it once we reduce our debt ratio . "
"What's the current debt ratio?"
Gun-Ho laughed and said, "Well, it's a bit high . We are planning to lower that under 150% right before the point that we apply for the KOSDAQ registration . "
"I guess your plan is that you want to pay for the debt with profits, and you won't take any dividends in the meantime . "
"Hahaha . That's exactly what I'm planning . "
"Thank you for showing me around today . I guess I'd better take off now . "
CEO Park extended his hand to Gun-Ho for a handshake . They were standing in the company yard after the tour .
"Are you leaving that early? Why don't you have lunch with me?"
"No, but thank you for your offer, maybe next time . Unfortunately, I have a prior engagement . Do you live around here, Mr . President Goo? I've heard that you have several companies that you are running . "
"I come to this factory on Mondays and Thursdays only . "
"I see . Well, I'd better go now . Thank you again for your time . "
CEO Park hastily left, and Gun-Ho found it strange .
'Why did he come here? It doesn't seem like he wants to place a product order from us . I don't think he just wanted to hang out with me either . It's strange . '