Story of a Big Player from Gangnam

Chapter 903: Inaugurated as Chairman (1) - Part 2

It was December 14th. Gun-Ho received a call from Dyeon Korea's Vice President Kim.

"Sir, we received a fax from Lymondell Dyeon. Mr. Adam Smith's appointment to the president position has been confirmed."

"Oh, is that right? Please tell Mr. Adam Castler that I congratulate him on it. Well, I will give him a call myself."

"We will then go ahead and make the announcement on the promotions as we discussed and prepared earlier, sir. We will announce the promotions for mid-level management as well, along with the ones for our executive officers."

"Sounds good."

"Since the acquisition by W Chemicals hasn't been completed yet, we will just make the announcement about your position that you will be removed from the president position and be appointed to chairman."

"Okay, sounds good."

Gun-Ho could picture Mr. Adam Castler laughing with excitement and satisfaction with his appointment to Dyeon Korea's next president.

"It seems that it is hard for Americans to suppress their emotions. If they are excited, then they seem to have to show it. Mr. Brandon Burke in Chennai, India is now working under Mr. Adam Castler. When Mr. Brandon Burke was working for Lymondell Dyeon as its vice president, Mr. Adam Castler seemed to be nervous around him because he was the boss. Now, their roles are reversed, which is interesting."

At that moment, Gun-Ho received an unexpected call from GH Mobile's Chief Research Officer.

"Mr. Chairman, Umm… It's GH Mobile's chief research officer."

"Oh, Mr. Chief Research Officer."

"I just found out today that I've been promoted from director to senior director. I'm calling to show my gratitude for you, sir. Thank you."

"You don't have to thank me. You earned it."

"I wanted to thank you in person if you would come to GH Mobile today, but since you are not coming, I'm calling you instead, sir. Thank you again, sir. I will do my best."

After getting off the phone with GH Mobile's chief research officer, Gun-Ho thought that GH Mobile made the announcement on promotions that day already. At that moment, he received a call from GH Mobile's general affairs director.

"It's General Affairs Director Joon-Young, Choi, sir."

"Hmm, okay."

"As we made the announcement on our end-year promotions, I was wondering that maybe we should inform all GH companies that you will be inaugurated as Chairman."

"Well, I'm not sure if that would be necessary…"

"We want to make sure that people don't make a mistake in referring to you, sir. They should refer to you as Mr. Chairman, not Mr. President, from now on."

"Well, then, okay. Please do so."

"I already drafted the official letter about it addressing all of the GH companies. The subject line is read as 'Informing of President Goo's Inauguration as Chairman.' I will read the contents."

"Alright."

"We are informing you that President Gun-Ho Goo has been elected as Chairman of all GH companies, according to GH Mobile's and also Dyeon Korea's board of director's resolution. The effective date is December 15th. Please make sure that his job title is chairman when you refer to him. From GH Mobile's President Jang-Hwan Song."

"Sounds good."

"This official letter will be sent to GH Development, GH Machines, GH Media, GH Logistics, GH Parts Company in Suzhou City in China, and GH Antang Transportation Company in Antang City in China. I will also send it to Dyeon Korea as well for the record."

"Alright."

"This will be sent via email and also through fax. And, we will also send it to our major vendor companies as well."

"Sounds good."

Gun-Ho was reading a newspaper in his office when someone knocked on the door. It was Director Kang. He was smiling broadly as he entered Gun-Ho's office.

"Mr. Chairman, congratulations."

"You have received the letter already?"

"Yes, sir. It just came in via fax. As a matter of fact, this should have happened earlier. I gave the official letter to Assistant Manager Jeong, so everyone in the office can read it."

"It's just a job title. It's not like having a job title of chairman changes the portion of my ownership interests in GH companies. I'm a bit concerned about whether it is viewed as adequate to take the chairman job title at my young age. I don't want people to talk badly behind my back."

"Not at all, sir. There are a lot of chairmen at a young age. Most of them are second-generation rich kids though."

Later that day, Gun-Ho received another visit at his office. It was from GH Media's President Jeong-Sook Shin, its chief editor—Cheon-Young Pi—and Mr. Yoshitaka Matsui.

"Mr. Chairman, congratulations on your inauguration, sir."

"Thank you, but it's not really a big deal becoming a chairman. It's not like my salary has been raised."

"It is a big deal, sir. I've been feeling embarrassed whenever I had to refer to you as Mr. President. We all now feel much more comfortable as we can now call you Mr. Chairman instead of Mr. President."

"Well, since you are here, let's have a cup of tea together."

Gun-Ho asked Secretary Yeon-Soo Oh to bring four cups of black tea to the office.

Mr. Yoshitaka Matsui said after taking a sip of his tea, "I read the official letter before coming up to this office. What drew my attention was that there were so many recipient companies for the letter. I was so surprised by the fact that there are a lot of GH companies. I didn't know that until now."

"Haha, is that right? Maybe we should produce a company catalog listing all GH companies as one group, and I believe that GH Media is the one that should undertake the job."

GH Media's President Jeong-Sook Shin quickly responded, "That will be great, sir. I was thinking about it as well. We definitely should have a catalog on GH companies. Mr. Yoshitaka Matsui here can take necessary photos, and our Chief Editor Cheon-Young Pi here can take care of writings and editing. And, our Design Team Lead Min-Soo Oh will handle the design. I believe that we would produce one fabulous GH group's catalog."

"Hmm."

"Once the catalog is completed, I will make an English version of it as well. I know of several good translators who can do the work. Such a catalog will be very helpful for each GH company's president in doing their business. When they meet with a potential client, they usually bring some documents that describe the company. And, carrying a company catalog describing all of GH companies will certainly give a good impression to potential clients. A printout of PowerPoint documents in a transparent folder, introducing the company, as they are doing right now, is not good. It will make potential clients think that it's a small company."

"That's true."

"For the cost of catalog production, we can share the cost with other GH companies equally."

"Well, let's proceed with it then. It's mid-December now, so a catalog starting the new year will be good. One thing that you should know is that I am reviewing the possibility of selling Dyeon Korea, so do not include Dyeon Korea in the catalog."

"Oh, are you selling Dyeon Korea? You registered the company with KOSDAQ very recently, and it just became a public company."

"Its stock is classified as a theme stock, and that will make things complicated. Sales of that company is under consideration, and it hasn't been determined yet though."

"That's a shame. It was just registered with KOSDAQ very recently. That company generates a substantial amount of sales revenue, doesn't it?"

"It made 84.5 billion won this year."

"Whoa! 84.5 billion won!"

The three GH Media's people were astonished at once. As a matter of fact, the number was so great that the publishing company's—GH Media—sales revenue was not even near it.

"Is it that surprising? GH Mobile is actually making more than that."

"Really? How much sales revenue did GH Mobile generate this year, sir?"

GH Mobile made 187.4 billion won this year."

"What?! Did you say 187.4 billion won, sir?"

President Jeong-Sook Shin turned to her employees—Mr. Yoshitaka Matsui and Chief Editor Cheon-Young Pi—and said, "See that? I told you. For Chairman Goo, GH Media's sales revenue doesn't mean much."

Gun-Ho laughed and said, "Please don't say it like that. GH Media is a small publishing company with a very limited number of workers. But, it still makes a good amount of sales revenue. I always think that GH Media is an amazing company with excellent and decent workers."