Story of a Big Player from Gangnam-Chapter 874 - Commodity Channel Index (3) – Part 1
Chapter 874: Commodity Channel Index (3) – Part 1
Gun-Ho, Isehara Machines’ President Shinichi Nishimura, and Mr. Yoshitaka Matsui, who came along with them to interpret for them, arrived at GH Mobile.
At the entrance of its building, several executive officers including President Song, the chief research officer, the general affairs director, the product quality assurance director, and two production managers were standing, waiting for them.
Gun-Ho introduced each of GH Mobile’s executive officers to Isehara Machines’ president. President Song among the GH Mobile’s executive officers seemed to know about Isehara Machines already. When he was introduced to Isehara Machines’ president, he said, “I’m so honored to meet the president of a well-known company— Isehara Machines.”
President Song handed his business card to Isehara Machines’ president. And, Isehara Machines’ president gave his to President Song. President Song didn’t forget to give his business card to Mr. Yoshitaka Matsui, who came along with Isehara Machines’ president to interpret for him.
“It’s almost closing time. Why don’t we take a look at the production site first before we close?”
“Sounds good.”
President Song led Isehara Machines’ president to the production site. Several hundreds of production workers were working at the site in an organized and systematic way. Isehara Machines’ president nodded his head as he was observing the workers and the site. The machines there were well maintained; they looked very clean. Thanks to the My Machine program that GH Mobile’s factory had adopted a long time ago. Isehara Machines’ president looked impressed by the cleanliness and efficient setting of the production lines, and he wasn’t shy about giving his compliments about it. The group then moved to the research center to visit as well.
“I had visited several factories in Korea in the past, like 10 years ago, and I can tell that I’ve never seen a factory this clean in Korea before. I guess Korea has developed a lot for the past 10 years.”
President Song smiled and replied, “When I joined S Group about 20 years ago, which was my first job in this industry, we often said that we should learn from Japan. That’s why the workers in the industry were often sent to Japan to learn Japan’s TQC (Total Quality Control).”
“Hmm, I do remember those days too.”
President Song continued, “I still remember like it was yesterday that I learned Japan’s TQC and drew Ishikawa diagrams (A type of diagram that was used to analyze data. It is also called a fishbone diagram because of the fish skeleton-like shapes that it was using).”
“As a matter of fact, Isehara Machines was one of the exemplary companies for the TQC program. We are adhering to the tradition as we still use TQC when we find some problems in the production site.”
President Song and Isehara Machines’ president seemed to hit it off well unexpectedly. All Gun-Ho cared about a business was sales revenue and operating income. When he heard some technical terms like TQC and some sorts of diagrams called Ishikawa diagrams, he had no idea what they were. Whatever they were, Gun-Ho was satisfied with the fact that President Song and Isehara Machines’ president seemed to get along well.
After finishing his tour at GH Mobile’s factory, Isehara Machines’ president extended his hand to President Song and shook his hand vigorously.
“Thank you for showing me around. When I see a production site, I can also see its CEO’s mindset and philosophy. I’m impressed today. You’ve done an excellent job here, Mr. President Song. If I have a chance, I will let the industry in Japan know that there is a great Korean company in the same industry called GH Mobile.”
“Thank you, sir. Thank you for recognizing our company’s value.”
“GH Mobile has two critical presidents— President Goo, who is a shrewd businessman, and President Song, who is an excellent manager. I can tell that GH Mobile will grow greatly.”
“Thank you.”
At that moment, an announcement came out from a speaker in the production site with a melody. It was informing that it was time for everyone to go home, so it was asking everyone to get ready to leave for the day to spend precious time with family.
As Isehara Machines’ president was hearing the announcement, he asked Mr. Yoshitaka Matsui, “What is it about?”
“It’s telling the workers to get ready to go home, and it’s also saying to have a great evening with family.”
After he listened to Mr. Yoshitaka Matsui’s explanation, Isehara Machines’ president grinned.
Gun-Ho’s group including Isehara Machines’ president and Mr. Yoshitaka Matsui headed to the Korean restaurant— Seungjiwon— in Baekseok Town. President Jong-Suk Park and the Japanese engineers were already there waiting for Gun-Ho’s group.
Isehara Machines’ president seemed to be in a good mood. He enjoyed the traditional Korean food and had a few glasses of liquor as well. The three Japanese engineers at the table looked excited during the dinner since they were having dinner with Isehara Machines’ president who they admired and couldn’t even dare to dream about sitting at the same table before. Isehara Machines’ president asked them, “You all used to work in Miura Machines in Japan before. And, you have probably been experiencing difficulties living and working away from your home country. How are you all doing here? Do you like Korean food? How is the accommodation arrangement?”
Plant Manager Yanagi Masatoshi replied, “Mr. President Jong-Suk Park found a good place near the factory for us to live. It’s comfortable living here. We can have a very relaxing after-work life; we drink a glass of beer after work, or go to an indoor golf practice facility, or take a hot spring bath sometimes.”
“A hot spring bath?”
“Yes, sir. There is a famous hot spring place around here, called Onyang hot spring.”
“Oh, is that right?”
After dinner, Gun-Ho dropped Isehara Machines’ president off at the Garden Hotel in Mapo District, Seoul City. Isehara Machines’ president had a good impression about Gun-Ho, GH Mobile, and GH Machines, and he left for Japan the following day.
It was Friday.
Gun-Ho had been sitting at his desk all day long in his office, Sinsa Town, observing Dyeon Korea’s stock movement, as usual.
‘It is weird. It’s too early to see an increase in the stock price, but Dyeon Korea’s stock price is increasing already. The stock price is supposed to increase at the end of each year, not now. I see a lot of buy requests every day for Dyeon Korea’s stock. The trading volume is on the rise as well.
I’m worried about this unusual movement. What if Dyeon Korea’s stock price wouldn’t increase at the end of this year while all of the other stock prices are on the rise? The audit report that we have to publish on the Financial Supervisory Service’s website will be ready in March next year. Maybe I should make the public announcement about our performance report for the fourth quarter in early January.
Commodity Channel Index continuously shows high positive today.’
Commodity Channel Index showed the difference between a stock’s current price and its historical average price over a given period of time. It was used for identifying a new trend.
When Gun-Ho was watching the movement going on around Dyeon Korea’s stock, he received a call from SH Investment Partners’ President Geun-Soo Son.
“It’s Geun-Soo Son, sir. Have you had a chance to look at Dyeon Korea stock’s market price today?”
“Yes, I have.”
“We continuously see so many buy requests on the stock today. What do you want me to do about it, sir? Do you want me to start selling our stock in the stock market?”
“Don’t. I think we should wait and see for a while.”
“The number can be changed rapidly even later today if we don’t sell the stock right now.”
“We will have another good chance to sell the stock at the end of the year. We don’t have to worry about it. Let’s see what happens for the moment.”
“We have procured 3 million shares. If we sell them all at the current high price, we can make at least 3 billion won. It’s worth trying, sir.”
“I will let you know when we should sell our stock. I will give you a call when it is the time.”
“Understood, sir. I will then sit back and read a book or something until I receive your call later, sir.”
