Story of a Big Player from Gangnam-Chapter 850 - Isehara Machines (1) – Part 1
Chapter 850: Isehara Machines (1) – Part 1
It was Monday.
Gun-Ho was heading to work in GH Mobile, Jiksan Town. Chan-Ho Eum said to Gun-Ho, “Sir, I feel like it has been a while since we drove on the expressway.”
“You do? I guess I’ve been busy lately with the businesses in Seoul.”
“Cosmos flowers are still in full bloom.”
“Maybe we should stop by Giheung Rest Area. I need to use the bathroom.”
“Actually, we just passed that rest area. We can stop by the next one— Anseong Rest Area instead.”
“Sounds good.”
When they arrived at Anseong Rest Area, Gun-Ho went to the bathroom first, and then he made a call to CEO Geun-Soo Son at SH Investment Partners.
“CEO Son, are you in the office right now?”
“Yes, sir. But, I don’t have work to do here yet.”
“You’ve opened the company’s stock account with Gangnam Stock Brokerage Firm already, right?”
“Yes, I did, sir.”
“Starting from today, I want you to buy Dyeon Korea’s stock when its price per share is below 5,500 won. You can place a limit buy order at 5,500 won if the price is above 5,500 won.”
“Understood, sir.”
“You can use as much funds as necessary.”
“Yes, sir.”
“And, you can just give me a report at the end of the day on a daily basis once the stock market is closed, with the number of shares that you bought and the price that you paid per unit.”
“Understood, sir.”
Gun-Ho arrived at GH Mobile in Jiksan Town. At the front gate, the security guard quickly approached Gun-Ho’s Bentley without opening the gate. He acted very carefully though because the car was an expensive Bentley. He gave a military salute to Gun-Ho as he carefully looked at Gun-Ho’s face. Gun-Ho also looked at the security guard. He seemed to be a new hire since Gun-Ho hadn’t seen him before. At that moment, Chan-Ho Eum yelled at the security guard, “Hey! You don’t even recognize the president of the company that you are working for?”
“Huh?”
“He is the president of this company!”
The security guard quickly pulled out his note and looked for the license plate number of the company’s owner president’s car. He was startled when he found out that it was his car.
“I’m so sorry, sir.”
He rapidly opened the gate for Gun-Ho’s Bentley.
“That stupid son of bi*ch doesn’t even know his big boss’ face!”
“That’s fine. I guess he is new. And, we haven’t come to the company lately.”
Gun-Ho stopped by the production site before heading to his office.
The production managers from the production team 1 and 2 quickly came out to greet Gun-Ho. They gave a deep bow to him.
“Sir, you are here.”
“Is everything okay around here?”
“Yes, sir. Everything is going fine.”
“Which client company are we selling our products to the most?”
“Of course, it’s A Electronics, sir. But, it seems to be possible that H Group would surpass it soon. H Group’s product order is increasing steadily.”
“Hmm, really?”
Gun-Ho walked around the production site with the two managers. The workers were busily moving, and the products were coming out of the machines, and the finished products were being sent to the test center.
Gun-Ho walked into the test center accompanied by the two production managers. The team lead at the test center stood up quickly from his seat when he saw them coming in and greeted Gun-Ho.
Gun-Ho asked him, “How are we doing here? What’s the defect rate these days?”
“It’s 0.1%, sir.”
“What defect rate did I say we should achieve?”
“It’s zero sir.”
Gun-Ho smiled satisfactorily and tapped the test center’s team lead’s shoulder.
“Keep up the good work.”
“Thank you, sir.”
The two production managers who were standing along with Gun-Ho smiled.
Gun-Ho stopped by the assembly line and maintenance team before going up to his office on the second floor. He didn’t visit the second factory that day.
President Song came into Gun-Ho’s office.
“It seems that you have been very busy lately, sir.”
“Yes, I have.”
“There was a meeting held for H Group’s vendor companies last week. I had a chance to talk with H Group’s CEO Choi there, and he asked me how you are doing, sir.”
“Mr. CEO Choi?”
“Yes. He asked about you when all other presidents and CEOs of H Group’s vendor companies were present.”
“Hmm, really? Well, when you have a chance to see him again next time, please give my kind regard to him as well.”
“Yes, sir. I will do that.”
“We are currently generating more than 16 billion won on a monthly basis, aren’t we?”
“Our sales revenue has exceeded 16.2 billion won last month.”
“And, the funds in our reserve must be more than 10 billion won, isn’t it?”
“It is 10.5 billion won to be exact, as of today, sir.”
“And, the labor union has been quiet lately, hasn’t it?”
“Yes, they are good. It seems that they are satisfied with the pay, bonus, and the fringe benefits that we provide.”
“That’s good to know.”
“I’ve often seen discords among themselves though.”
“What problems do they have?”
“I guess many of the members want to take the leader position, because the leader of the labor union doesn’t really have to work, but he could just stay in the office while sitting at the desk.”
“Did we receive the pay for the 10 twin screws that we sold to GH Machines?”
“Yes, we did. I initially intended to receive the pay only for 5 twin screws, and send a bill for the other 5 later because I wanted to give them enough time to prepare for the money, but President Jong-Suk Park paid for all of them at once. I guess that his business is doing great even though the company just started its business.”
“I believe they made good money by selling the machines that they built using those twin screws, to Dyeon Korea. And, Dyeon Korea pays them pretty quickly.”
“I’m sure that President Jong-Suk Park is learning a lot as he runs his own business after quitting GH Mobile.”
“You are right. He hadn’t had any experiences with sales, finance, product quality, human resource, etc. until he started running his own company. And he told me the other day that he was learning a lot. But, he still needs your help, Mr. President Song. It’s still a small company. Please give him assistance as necessary. I will tell President Park to seek help from you if he encounters any difficulties in running the business.”
“Yes, sir. I will do that.”
Gun-Ho then headed to GH Machines. There was a large banner in front of the factory’s front entrance.
It said, [Product Quality First, GH Machines] [Polish, Tighten, and Grease]
Gun-Ho smiled as he entered the company. The worksite seemed to be packed with a lot of people. Gun-Ho at first wanted to look around the production site, but he decided to go to the office since there seemed to be so many new faces in the production site.
“Sir, you came,” the office manager who had seen Gun-Ho several times before came out and greeted him.
“Is President Park not here?”
“He went to a bank. He will be here soon.”
“Does President Park handle matters with a bank on his own all the time?”
“He went to a bank today to open an account. That’s why he had to be there in person. There is one client company that wants to send their B2B payments through Hana Bank. The thing is that we don’t have an account with Hana Bank. So, he went there to open an account with them.”
“Hmm.”
“When opening a new bank account, it is simpler and quicker to process if the president of a company is there with his ID. I could go there to do the same work, but I will have to prepare the power of attorney, and also carry the president’s ID, and so on. So, he decided to take care of it himself instead of making the work unnecessarily complicated by sending me there.”
‘Jong-Suk Park is trying a lot of different things that he hasn’t done before. That’s good for him. He is certainly learning a lot.’
