Story of a Big Player from Gangnam

Chapter 690: Dyeon Korea is Applying for the Certificate to be Recognized as Startup Company with Technology – Part 1

It was Monday.

Gun-Ho went to work in GH Mobile in Jiksan Town. There were still a lot of trucks parked at the leased vacant land in front of GH Mobile’s factory. Chan-Ho Eom said to Gun-Ho, “The production seems to be increasing more and more.”

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“Hmm.”

There was another factory next to GH Mobile. It was a packaging company for food like cookies and candies.

“Chan-Ho, do you see a banner over there? In front of that packaging factory? What does it say?”

“Let me get closer to it, sir. Well, it says, the factory is for lease.”

“The packaging company probably moved their location, huh?”

“It looks like it, sir.”

“They either moved to a bigger factory because their business is doing so well, or they just moved to another location because they couldn’t afford to keep this one.”

“I suppose so, sir.”

On the way to his office, Gun-Ho ran into Director Jong-Suk Park at GH Mobile’s front yard.

“Bro, how was your trip to China? Is Jae-Sik bro doing well?”

“Yeah, he is well. He looked more comfortable and relaxed than he was here.”

“I’m sure he is. He is the boss over there, right?”

“The volume of production here has increased a lot lately, huh?”

“It’s good that we have more work as the production keeps increasing, but the problem is the space. Even the alleys are filled with work in process because we have nowhere else to place them.”

“Is that because of the new product order from the factory in Dangjin City? The door assembly work?”

“That’s right. The volume of their appliance assembly work— assembling the entire door for their home appliance products— is increasing dramatically. We are assembling the whole door, and it requires a large space to store them. We are getting product parts from twelve different companies too. They are being stored in our storage.”

“Hmm, really?”

“You know what? Those twelve supplier companies are trying hard to get in contact with me, and get a dinner appointment with me or something after work. I guess that they want to bribe me with some money in order to get more work from us in exchange.”

“You know that you shouldn’t meet them other than in an official setting, right?”

“I know, bro. I don’t want to meet them in private either. And, I have classes that I need to attend after work anyway. I’m just too busy to meet them after work.”

“How’s school?”

“It’s good. I worried a lot before the school started. I kept asking myself what if I don’t understand the lecture? It could be a lot difficult in four-year college. But, it’s doable. I think I can handle it.”

“Keep up the good work.”

“Yeah, bro.”

Gun-Ho walked up to his office, and he called for the secretary— Ms. Hee-Jeong Park.

“Please ask the accounting director to come to my office.”

“Yes, sir.”

After a moment, Accounting Director Min-Hwa Kim came to Gun-Ho’s office.

“I’ve already received the report about paying the corporate tax. Did we pay for the debt with the after-tax profits?”

“Yes, sir, we did. We now have 30 million won of debt left. Our company’s credit ratings went one step up from B to A-.”

“We are supposed to receive 3 billion won from Dyeon Korea after they take care of the paperwork to transfer the ownership of their factory building to Dyeon Korea as our investment in-kind. Did we receive the fund?”

“No, we haven’t received it yet. You previously instructed us to pay the company debt once we receive the fund, so we are waiting for it.”

“Once you receive the fund, just hold onto it. I will let you know when you need to pay the debt with that fund.”

“Yes, sir.”

“Is Mr. President Song in his office?”

“Yes, sir.”

“Please tell him to come to my office.”

“Yes, sir.”

After a moment, President Song entered Gun-Ho’s office.

“How was your trip to China, sir?”

“It was good. I drank too much once during the daytime. I felt so uncomfortable after that.”

“Haha. Too much drink can be harmful to your health.”

“I was told that the production volume of the door assembly work for the factory in Dangjin City has increased significantly.”

“Yes, it has. And, it still keeps increasing. We don’t have enough space to store all those parts, products, and work in process. We need to figure out what to do about it.”

“Hmm, I see.”

“We are currently receiving parts from 12 different vendor companies for the door assembly work alone. And as we are getting more and more assembly work, we will soon receive parts from 24 different companies. We definitely need more space.”