Story of a Big Player from Gangnam

Chapter 561: Changes in GH Mobile's Stock Ownership (3) - Part 2

Gun-Ho talked to Young-Eun about his company. He hadn't really talked about his business to her before. He now felt like he should let her know about his companies since she was his wife— the closest family member to him— after all

Gun-Ho asked, "You haven't been to my factory in Jiksan Town, Cheonan City, have you?"

"No, I haven't."

"Do you want to come and take a look?"

"No."

"Why not?"

"Your workers will not welcome me. I don't want to bother them at their work. Think about it. Say, the director's wife at the hospital where I work came to visit the hospital. Do you think the doctors and nurses, who are working there, would feel happy to see her? I don't think so. That would give more stress to those who are already under a lot of stress."

"You are right. What if you just look at the company from a distance?"

"That should be okay. I guess that it won't do any harm to anybody to just look at the factory without entering the building."

"Tomorrow is Sunday. We can go there tomorrow."

"Maybe next time. I have a lot of things to do at home tomorrow."

It was Monday.

Gun-Ho went to work at GH Mobile in Jiksan Town. His secretary— Ms. Hee-Jeong Park— entered his office carrying a cup of tea.

Gun-Ho said, "Please tell the accounting director to come to my office now."

"Yes, sir."

After a moment, the accounting director entered Gun-Ho's office with some documents.

"Are we done with filing the changes in our capital and shareholders?"

"Yes, sir. These are the documents from the court and they reflect all of the changes that we recently made."

While reviewing the documents, Gun-Ho paid attention to the total number of shares, the amount of the current capital, and the date when those changes were made. He also checked the list of the current directors to make sure that there was no change on it.

The document was indicating that GH Mobile's president was Gun-Ho Goo, and his father's name was listed as a registered director. He noticed that Mr. Hee-Suk Goh was still listed as an auditor who was no longer with GH Mobile.

'The internal auditor is now working with Dyeon Korea. Should I update the name with President Jang-Hwan Song's name? Well, let's just leave it as it is for now.'

Gun-Ho asked the accounting director, "Did you bring the notarized listing of shareholders as well?"

"Yes, sir. Here it is."

"There are two papers."

"Yes, one of them is your statement, sir."

"A statement?"

Gun-Ho read the statement.

[I, Gun-Ho Goo, hereby certify as the president of GH Mobile that the board meeting minutes which was notarized by the certified legal consultant's office XX reflects accurately the resolution adopted by the affirmative vote of Board Members at the Board of Directors Meeting, following the adequate procedure. 0/0/20xx. Gun-Ho Goo.]

"Hmm. They did a good job."

Gun-Ho looked at the accounting director's face while putting the documents back together, and said, "Thank you for the documents. Very well done. If President Song is in his office, please tell him to come to my office."

"Yes, sir."

President Song came to Gun-Ho's office.

"When I had asked you to join my company, I promised you to give you 3% stock option."

"I remember that."

"As a matter of fact, if we go through the procedure to give you the stock option, the process can be complicated. So, I decided to just transfer 3% of GH Mobile's shares to you."

"Transferring the shares?"

"You haven't heard of anything about it from the accounting director?"

"No, I haven't."

"As we increase the company's capital this time, an individual who invested funds to our company will take 13% of shares, You— Mr. President Song— will have 3%, and I will have 84%. Here is the notarized listing of our company's current shareholders."

President Song closely looked at the document.

"Sir, thank you so much. I'm not sure if I deserve to receive this. I haven't done much for the company."

"Since you now own a piece of this company, you are also responsible for the company along with me whether the business goes well or not. If the company generates profits, you can take the dividend of 3% annually."

"Thank… Thank you, sir."

President Song smiled broadly in excitement.

"Can I ask you one thing, sir?"

"Sure. What is it?"

"Who is Mr. Beom-Sik Lee, who owns 13% of the company's shares? Is he related to A Electronics?"

"Well, I can't answer that. Just know that he is one of our shareholders now. Please don't ask about him further."

"Oh, okay, sir."

"Since our capital increased a bit, I've had the business registration reissued. You can take a look at it."

President Song reviewed the business registration.

Gun-Ho crossed his legs and called for Secretary Hee-Jeong Park.

"Can we have two cups of tea?"

"Yes, sir."

Gun-Ho continued to talk while having his tea.

"Did you send our estimated product cost sheet to A Electronics' factory in Dangjin City?"

"Yes, we did. We updated the product cost with increased labor cost."

"Didn't they say anything since then?"

"No, I haven't heard from them yet."

"Since we have to produce five different products simultaneously for them, I wonder if it could cause any delay in production."

"Director Park is working hard to produce the promised volume of the products on time. The factory is working overnight as well. We are doing fine so far."

"I was told that you were negotiating with the Capital right now to lease several new machines from them."

"I already made an agreement with them to lease five hydraulic press machines. We will receive them by the end of this week."

"Do we have enough space to install them?"

"Yes. We already secured the necessary space for the machines."

"Sounds good."

President Song left the office after giving a bow to Gun-Ho. President Song seemed to show more and more respect to Gun-Ho ever since he joined the company.

Gun-Ho called for the accounting director again.

"Please send the business registration and a copy of the notarized listing of shareholders to A Electronics' CEO. Please mail them before noon by express mail. He wants to see our company's current status since this is our first time doing business with each other."

Gun-Ho gave A Electronics' CEO Park's business card to the accounting director where its company address was shown.

"Once you wrote their company address, please bring back his business card to me."

"Yes, sir. I think I remember his face on TV."

"Haha, really?"

Gun-Ho made a call to A Electronics' CEO Park.

"The process to increase the company's capital is completed. We will send you our company's newly issued business registration along with the notarized listing of shareholders today by express mail. You will receive them by tomorrow."

"I'm sorry that I have to ask you this again. I just need to make sure that you haven't revealed any information about L2 to anyone."

"Even our executive officers have no idea about him. Mr. President Song doesn't know either."

"Thank you. Well, I guess that we don't have to talk frequently on the phone any longer. You can expect a very high sales revenue from now on."

"Thank you."

Gun-Ho leaned back on the sofa while crossing his legs. He picked up a morning paper while sipping his cup of tea. The newspaper's first page was filled with a congressman's suicide. The news said that the congressman accepted 40 million won as a bribe, and he committed suicide when that was exposed.

'You definitely need money to do politics. I guess that Mr. Minister Jin-Woo Lee will do just fine in politics.'

Gun-Ho had his tea slowly.