Story of a Big Player from Gangnam-Chapter 871 - Commodity Channel Index (1) – Part 2
Chapter 871: Commodity Channel Index (1) – Part 2
As Jong-Suk Park wasn’t coming back from the production site, Gun-Ho decided to take Mr. Hyeong-Woo Lee to the production site by himself. When they arrived at GH Machines’ production site, Jong-Suk Park was installing twin screws, and he was surrounded by several engineers who were closely watching how Jong-Suk Park installed the twin screws. As he saw Gun-Ho at the production site, he smiled at him.
“I’m so sorry. I was about to go back to the office once I finished placing these main twin screws into the machine.”
“It’s okay. Just do what you have to do here.”
Mr. Hyeong-Woo Lee nodded his head as he saw Jong-Suk working in the production site. He also saw the Japanese engineers who were working with the machine parts that would be sent to Isehara Machines. The plant manager—Mr. Yanagi Masatoshi—greeted Gun-Ho delightedly when he spotted him.
“Sacho San (Mr. President), you are here.”
“How have you been? How are we doing with the products for Isehara Machines?”
“It’s going very well as usual.”
“Keep up the good work.”
The scene at the production site looked very interesting to Mr. Hyeong-Woo Lee.
He asked Gun-Ho, “The products that are being manufactured here will be all shipped to Japan?”
“That’s right. We are shipping the products here to a company in Yokohama City, Japan. The company’s name is Isehara Machines.”
“I see. I think this company is going to be very interesting.”
“What do you mean?”
“I see great potential here. It can grow enormously later.”
“When you do sales activities in expanding Dyeon Korea’s markets overseas once you start working with us, I’m asking you a favor to help with GH Machines’ sales as well.”
“Haha. I understand what you mean. I’m not sure if I would have a chance to do it, but if I do, I will of course help.”
President Jong-Suk Park finally came back to the office.
“I’m so sorry, Mr. Senior Director. I had to be at the production site. Dyeon Korea is the major client of GH Machines. Our primary work is to build machines for Dyeon Korea. I look forward to working with you, Mr. Senior Director.”
After having a cup of tea, Gun-Ho and Mr. Hyeong-Woo Lee headed out to Dyeon Korea.
Gun-Ho convened the tentative board meeting when he arrived at Dyeon Korea that morning.
“As I said previously, we now have a new senior director who will be handling our international market development. Please welcome him with a round of applause.”
As Dyeon Korea’s executive officers clapped in welcoming the new senior director, Mr. Hyeong-Woo Lee stepped forward and said, “I’m honored to be working with you all. I sincerely look forward to working with you.”
Gun-Ho introduced each of the executive officers of Dyeon Korea to Mr. Hyeong-Woo Lee.
“Mr. Director Yoon will buy a new executive desk for you, Mr. Senior Director Lee. And, you can use the small meeting room as your office for now. It is just a temporary setting until your office becomes ready for you to use. I will vacate my office next month after December 15th. I want you all to discuss how you are going to rearrange the office spaces among the executive officers then.”
Director Kim said, “Can we leave your office as it is, sir? Maybe we can just change the job title hanging on the office door from ‘President’ to ‘Chairman of the board.’”
Gun-Ho grinned and replied, “That’s not possible. We don’t want to make the next president feel uncomfortable in such a setting. I will surely vacate my room. Instead, whenever I visit here later on, I can stay in the president’s room or the vice president’s room for some time.”
“That can be arranged, of course, sir. But, we don’t want you to feel uncomfortable coming here.”
“I will be fine.”
Gun-Ho turned around to see the internal auditor and asked him, “Mr. Internal Auditor, did we set the date for the board meeting to today?”
“Yes, sir.”
“Well, then let’s pretend that we had the board meeting as we are having the executive meeting right now. You already got the power of attorney from the shareholders, right?”
“Yes, sir. I have them with me.”
“After this meeting is over, please make the announcement with the outcome from this meeting, saying that everything has been approved.”
“Yes, sir.”
“And, Mr. Senior Director Hyeong-Woo Lee, I guess this location is probably not very convenient for you to commute from Seoul. Are you going to find a place to stay around here like a OneRoom or a condo?”
“Actually, as I expected to work in this location, I came to the area last Sunday to look for a place to stay. There is an office-tel called PenthaPolis Office-Tel near the Asan Station in Cheonan City. I signed the lease for a 13 pyung large office-tel. It’s located very close to the KTX train station, so it will be extremely convenient for me to go to Seoul. I have one room with a separate living room.”
“Oh, you did? That’s nice.”
Gun-Ho looked at his watch, and then he wrapped up the meeting.
“Well, I guess we are done with the meeting today. Mr. Director Yoon, please do the paperwork for Senior Director Hyeong-Woo Lee, so his employment is recorded as it starts today. His Four Major Public Insurance will start today as well.”
“Yes, sir.”
“And, Mr. Manager Hee-Yeol Yoo, please show our new senior director around the company, and introduce our mid-level managers to him.”
“Yes, sir.”
Gun-Ho then headed out to Seoul leaving Senior Director Hyeong-Woo Lee behind in Dyeon Korea.
‘Well, I introduced everyone to him. He can take care of himself.’
The next day, Gun-Ho went to work in GH Building, Sinsa Town.
The first thing that he did in the office was to check to see if Dyeon Korea’s public announcement was actually made. The announcement about the outcome of the board meeting was in place.
‘The internal auditor is quick in doing things, especially when they are related to him.’
Gun-Ho then turned on his computer and opened the stock trading application to check Dyeon Korea’s stock price movement.
“Dyeon Korea’s stock price is exceeding 6,000 won today.”
At the moment, Gun-Ho received a call from SH Investment Partners’ President Geun-Soo Son.
“Sir, I’m calling you because I’ve noticed that the stock price moves strangely today.”
“How strange is it?”
“I’m seeing a lot of buy requests for it, and the stock price is increasing accordingly. The volume of the stock trading is also unusually increasing. Its commodity channel index is also rising.”
“Since it’s almost December, the little individual investors are probably trying to obtain the stock as they will soon see the company’s year-end performance report.”
“That could be possibly one of the reasons, but what I’m seeing now in the stock market looks different. It’s very unusual, sir.”
“Hmm, really?”
“I think stock manipulators started playing with our stock. They, at first, tried to buy the stock at a low price as possible, and once they figured that it wouldn’t work, they are buying at a higher price now.”
“I’ve noticed the price increase as well. It’s exceeding 6,000 won now. That can well happen, can’t it? 6,000 won is not unusually high.”
“It’s not just about the stock price, but what is happening around the stock overall looks unusual, sir. The trading volume is very high. If not the stock manipulators, someone else is buying the stock.”
“We don’t care who is buying the stock, do we? It’s good as long as the stock price is on the rise. I guess the estimated value of the stock that we are holding right now is great by now, huh?”
“Do you want me to realize some of the profits now?”
“If someone is intentionally collecting the stock, we don’t have to let the person take the stock that we are holding too. Let’s observe the market for a while until we are sure about what is going on here.”
“Understood, sir.”
