Story of a Big Player from Gangnam-Chapter 875 - Commodity Channel Index (3) – Part 2
Chapter 875: Commodity Channel Index (3) – Part 2
It was Monday.
Gun-Ho went to work in GH Mobile in Jiksan Town.
President Song came to Gun-Ho’s office.
“I received a call from GH Media’s Mr. Yoshitaka Matsui this morning, sir.”
“Mr. Yoshitaka Matsui? What did he say?”
“Isehara Machines’ president highly spoke of our factory in GH Mobile, according to Mr. Yoshitaka Matsui. He mentioned about our factory twice to Mr. Yoshitaka Matsui, saying that the way that we arranged the factory was very efficient, and we were running the factory in the right way too.”
“Haha, really? I’m not surprised. I know how well you have been operating GH Mobile, Mr. President Song. You deserve the compliment.”
“By the way, I’ve noticed that Dyeon Korea’s stock price has been increasing these days.”
“It is usual, actually. Stock prices tend to increase when it’s close to the end of the year. Many investors buy stocks because of dividends.”
Gun-Ho continued, “Speaking of Dyeon Korea, why don’t we talk about Dyeon Korea’s upcoming promotions?”
“We still have a lot of time to talk about it, sir. We can discuss it maybe early December, can’t we?”
“That’s true, but I want to have a rudimentary outline about it. So, we can later have a clear picture. The promotions for executive officer positions are determined by its board anyway. GH Mobile is one of the major shareholders of Dyeon Korea, and there are three board members in GH Mobile— President Song, me, and my father who is living in Incheon City.”
“That’s right. We do have three board members as such.”
“Since you and I are here talking about some issues, it can’t be considered as a board meeting. GH Mobile’s two of the three board directors are present in the meeting.”
“Haha, I see what you mean, sir. Oh, speaking of which, your father is registered as an outside director and receiving 3 million won per month. Is it enough? We can raise his salary. I’ve heard that old people these days need more money than their counterparts in the past, to enjoy their life. They need money to make trips internationally for fun and to pay for their hospital bills.”
“That’s fine. We can talk about his position and salary when we talk about promotions for GH Mobile, probably early December.”
“Yes, sir.”
Gun-Ho continued after taking a sip of his tea, “I will stay as the president of Dyeon Korea until December 15th. I will have to resign myself from the position then as the American person, who Lymondell Dyeon will appoint, will take the position. I will have to stay behind the scene as the chairman of the board then.”
“Yes, sir. I’m well aware of it.”
“I’m not so sure about who’s going to be our next president. It could be someone totally new who will be sent by Lymondell Dyeon, or it could be our current vice president— Mr. Adam Castler— who could be promoted to that position. It seems that Mr. Adam Castler is hoping to be appointed to the president position and stay in Korea.”
“That’s understandable, especially because he is dating the native English-speaking teacher from Hoseo University.”
“And we need to come up with someone who can be placed in the vice president position. For now, I can’t think of anyone else but Director Kim. He is the most adequate person for the position.”
“I agree with you, sir. He is currently the highest-ranked executive officer after the vice president. We don’t have any better candidates even in GH Mobile, who we can send to Dyeon Korea for the position.”
“The only thing that I am concerned with is about the arrangement that it has been only two years since he was promoted to his current position— senior director. It might be deemed too early to give him another promotion, by a lot of people in the company.”
“If the circumstance requires it, that’s what we have to do. I’m pretty positive that no one will object to Director Kim becoming Dyeon Korea’s next vice president.”
“That’s why I picked Director Kim. Also, we need a new executive officer who can lead the production site. I’m intending to promote Manager Hee-Yeol Yoo to a director in the production department.”
“Manager Yoo also was promoted to his current position— manager— two years ago, but since he is performing a dual role by working as a plant manager, I do believe that he is the right candidate for the position. If Manager Yoo is promoted to the director position, we will have to let the current chief research officer go, who is holding a temporary advisory position. He is actually lucky to hold his current position for the past two years anyway. He should be grateful for the opportunity. Many people retire earlier than their usual retirement age these days, and he has been working for two years even after he reached his retirement age. He must feel grateful for you, sir.”
“And, we will keep Director Yoon at his current position without any changes for now. For the internal auditor, I want to extend his work contract for two more years. We still need him in Dyeon Korea. He has contributed enormously to the growth of Dyeon Korea anyway, and without him, the company’s finance department will be weakened.”
“That’s true. They have Manager Myeong-Sook Jo in the accounting department, but we can’t solely rely on her, especially since the company is now a public company. I do agree with you on extending the work contract with the internal auditor, sir. We will also have to place him in the board of directors for Dyeon Korea.”
“Dyeon Korea will have four board directors then, even though it’s a small company.”
“Huh? Four board directors? Who are they?”
“Since Dyeon Korea is a joint venture company, each partner should have their own person in the board representing their interests. And, if Director Kim becomes its vice president, he will be added to the board as well. So, we will have Director Kim and Mr. Adam Castler in the board. And, since I will be the chairman of the board, I will be one of them, of course. Now, we are adding the internal auditor there. Therefore, there will be four board members.”
“I see. Well, what we just discussed here today can be publicly announced on December 15th, can’t it?”
“That’s what I’m planning.”
“If so, GH Mobile will make an announcement about the decision on its promotions on the same day too then. We only have one promotion intended for executive officers. We will promote one of our production managers to director.”
“I’m hoping that you will finish the arrangement with the promotions for the mid-level managers by then.”
“Understood, sir.”
Gun-Ho headed to GH Machines. When he arrived there, President Jong-Suk Park was having a meeting with its executive officers in the president’s office. GH Machines didn’t have a separate office for Gun-Ho, so Gun-Ho was not sure where he should sit while waiting for Jong-Suk Park. When Gun-Ho was wondering where to sit, a lady worker came to him and suggested, “Let me show you to our meeting room, sir. Do you want me to inform Mr. President Park that you are here, sir?”
“That won’t be necessary. I guess that he is having an important meeting right now. I don’t want to interrupt it. I will just wait here. Can you bring me a newspaper, instead?”
“Yes, sir.”
Gun-Ho was reading a newspaper while sipping a cup of tea that the lady worker brought to him earlier, when someone opened the meeting room without knocking on the door.
“Huh? Someone is here. We’d better find someplace else to talk.”
One of the workers there seemed to open the meeting room’s door thinking it was available to use, and he closed the door right away with his co-worker when he saw Gun-Ho there.
‘Haha. I guess I should have asked Jong-Suk to have a separate office for me here. Well, that wouldn’t be a good idea. It is a small company, and I can’t ask him to have another president’s office here so they would have a President Park’s office and a President Goo’s office, which sounds ridiculous. On December 15th, maybe I should take a chairman position.’
After a while, President Jong-Suk Park entered the meeting room where Gun-Ho was sitting.
“Bro, when did you come? If you told me in advance that you would come, I would have a meeting in this room instead, so you can stay in my office. It doesn’t look good that you wait in this small meeting room for me. You are the owner chairman of the whole GH Group after all.”
“I’m okay.”
“Well, let’s go to my office. The meeting is over.”
