Story of a Big Player from Gangnam

Chapter 755: Dyeon India in Chennai, India (1) – Part 2

While having his jujube tea, Gun-Ho said to Director Kim, “You are extremely busy working every day here, aren’t you? Without enough break time.”

“I’m good, sir. I actually enjoy working here with all the support I get from you and others.”

“Dyeon Korea currently has 150 workers. GH Mobile’s workload will soon significantly increase with H Group’s new product order. If that happens, Dyeon Korea will get busy as well, and we will have more workers here too. And, managing the workers will become harder with the increased number of workers.”

“I will work harder, sir.”

“Also, we just requested the preliminary examination in order to register with KOSDAQ. So, we are currently under the investigation.”

“I’m aware of it, sir.”

“Once the company goes public, there are pros but also cons.”

“I’m ready for it, sir. And, we must go public.”

“And, at the end of this year, I will have to resign from this position of Dyeon Korea’s president.”

“I’m aware of it, sir. Lymondell Dyeon will appoint one of their people to the president position pursuant to the joint venture contract.”

“We are not sure if Lymondell Dyeon will let Vice President Adam Castler take the position or send a new person here. We can’t meddle in deciding who they would pick for Dyeon Korea’s next president.”

“Of course, sir.”

“So, I want you to keep in mind that regardless of who they pick for the next president, practically you will be in charge of running this company, Mr. Director Kim. The president will be a foreigner who wouldn’t know much about the Korean market and business environment here. You will be the one who actually makes important decisions around here and have the company move forward. What I want to say here is that your responsibility will become heavier.”

“Sir, you will take the chairman of the board position, according to the joint venture contract. Can we just change this office from the president’s office to the office of the chairman of the board, and you work as you’ve been working so far?”

“That’s not the intention that we had when we started this joint venture. Lymondell Dyeon won’t allow it.”

“What if we make GH Group with all GH companies, and you take the chairman position of the group? That sounds very reasonable.”

“Hmm.”

“As a matter of fact, we have so many presidents within GH companies such as President Song, GH Media’s President Jeong-Sook Shin, President Min-Hyeok Kim, and President Jae-Sik Moon in China. I believe that your title needs to be differentiated from those presidents, sir.”

“Well, I will think about it after we successfully register Dyeon Korea with KOSDAQ.”

“Yes, sir. I just want you to know that this is not just my idea, but several presidents of GH companies talked about it before.”

“Okay. I will take it into consideration.”

“Well, sir, I will now go back to work.”

Gun-Ho called for Secretary Seon-Hye Yi again.

“Please remove this empty cup, and ask Mr. Assistant Manager Myeong-Joon Chae to come to my office.”

“Mr. Assistant Manager Myeong-Joon Chae, sir?” Secretary Seon-Hye Yi said with a blush.

A few minutes later, Assistant Manager Chae entered Gun-Ho’s office.

“Please have a seat here,” Gun-Ho said as he indicated the seat in front of him.

“Yes, sir.”

“I’m going to make a call to Mr. Vice President Brandon Burke in Lymondell Dyeon right now. I want you to write down what I want to tell him.”

“Yes, sir.”

“The factory in Chennai, India is almost ready for business. In preparation for opening its business, we will ship to them four machines and 20 tons of raw materials within this week.”

“Yes, sir.”

“We will send workers from here, who can handle the compounding and the machines, and they will stay and work in India. Additionally, we will also send our researcher and engineer who are the experts in the compounding field and the mechanical maintenance field, there too; they will stay in India for about a week to train the local workers.”

“Yes, sir.”

“Are you done?”

“Yes, I wrote it all down.”

Gun-Ho continued, “I want someone, who has been working with Lymondell Dyeon for a long time, to run this new factory in India. Dyeon India’s president will have full authority in sales, finance, human resource, etc., and the terms of the job will be two years. The term of the job can be extended depending on his work performance.”

“Please go on, sir.”

“We will prepare everything for Dyeon India’s president before he arrives in India including accommodation and necessary things. Two workers will be sent there from Korea, and the president will handle hiring local workers.”

“Yes, sir.”

“An advanced money of 50,000 dollars will be paid to the new president in Dyeon India before opening the company.”

“Yes, sir.”

“Okay, that’s all I want you to tell Mr. Brandon Burke for me. I will make the call, and you just deliver the message to him, okay?”

“Yes, sir. I’m ready.”

Gun-Ho made a call to Mr. Brandon Burke in the U.S. using his smartphone.

“Hello? Brandon Burke? I’m Gun-Ho Goo.”

“Oh, Mr. President Goo! How are you?”

“I will have my interpreter talk to you on my behalf.”

“Okay.”

Gun-Ho handed his smartphone to Assistant Myeong-Joon Chae, and Mr. Chae started reading his memo that he just wrote down, in English. Gun-Ho could hear Mr. Brandon Burke’s thick voice over the phone.

Once Assistant Manager Chae finished reading the memo, he asked Gun-Ho, “I delivered all of the messages that you asked, sir. Is it okay for me to hang up the phone now? Do you have anything to add, sir?”

“You can hang up.”

Assistant Manager Chae handed Gun-Ho’s smartphone back to him.

“Good job. Can you now ask Mr. Vice President Adam Castler and the internal auditor to come to my office?”

“Yes, sir.”

After a moment, Mr. Adam Castler and the internal auditor came to Gun-Ho’s office. Assistant Manager Chae was with them, and he sat behind Mr. Adam Castler to interpret for him.

“Mr. Internal Auditor, have we heard from the stock brokerage company yet?”

“Not yet, sir. The KOSDAQ Listed Companies Association is currently conducting the preliminary examination, and we are patiently waiting for the outcome.”

“Mr. Vice President Castler, you are aware that we started the process with KOSDAQ Listed Companies Association to register with KOSDAQ, aren’t you?”

“Yes, I am, sir.”

“Did you report it to the head office as well?”

“Yes, sir. They haven’t made any comment on it. They just verified the amount of our paid-in capital, and also about the employee stock ownership program.”

“As you have already heard, we are shipping four machines to Dyeon India. GH Mobile will send us a bill for their work in building those machines. Please make sure that we pay them. You all know the price of the machines, right?”

“Yes, sir.”

“Also, we are sending 20 tons of raw materials to Dyeon India along with the four machines.”

“I thought we are sending 10 tons of raw materials, sir.”

“Send 20 tons. Is Assistant Manager Chae in charge of exportation work?”

“Yes, sir.”

“Then, tell Manager Hee-Yeol Yoo to prepare 20 tons of raw materials to be shipped to India.”

“I have a question, sir.”

Vice President Castler raised his hand.

“Once Dyeon Korea opens its business, can we get raw materials from Lymondell Dyeon in Seattle?”

“It doesn’t matter, but the profits from the transaction will be sent to Dyeon Korea.”

“Yes, sir.”

“And, in order to install the machines in Dyeon India, GH Mobile’s Director Jong-Suk Park will be sent there. Since Director Jong-Suk Park is an employee of GH Mobile, GH Mobile will send us a bill for his work. If you receive Director Park’s man-days, please make the payment to GH Mobile.”

“Yes, sir.”

“Also, once we officially announce the appointment of the president of Dyeon India, send an advanced money of 50,000 dollars to him.”

“50,000 dollars, sir? Yes, sir.”