Chapter 875: Commodity Channel Index (3) – Part 2
It was Monday.
Gun-Ho went to work in GH Mobile in Jiksan Town.
President Song ca to Gun-Ho’s office.
“I received a call from GH dia’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 ntioned 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 complint.”
“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 ti to talk about it, sir. We can discuss it maybe early December, can’t we?”
“That’s true, but I want to have a rudintary 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 mbers in GH Mobile— President Song, , and my father who is living in Incheon City.”
“That’s right. We do have three board mbers as such.”
“Since you and I are here talking about so issues, it can’t be considered as a board eting. GH Mobile’s two of the three board directors are present in the eting.”
“Haha, I see what you an, 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 Arican 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 soone 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 co up with soone 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 arrangent that it has been only two years since he was promoted to his current position— senior director. It might be deed 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 departnt.”
“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 retirent age these days, and he has been working for two years even after he reached his retirent 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 departnt will be weakened.”
“That’s true. They have Manager Myeong-Sook Jo in the accounting departnt, 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 becos 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 mbers.”
“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 announcent about the decision on its promotions on the sa 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 arrangent 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 eting 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 ca to him and suggested, “Let show you to our eting room, sir. Do you want to inform Mr. President Park that you are here, sir?”
“That won’t be necessary. I guess that he is having an important eting right now. I don’t want to interrupt it. I will just wait here. Can you bring 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 soone opened the eting room without knocking on the door.
“Huh? Soone is here. We’d better find soplace else to talk.”
One of the workers there seed to open the eting 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 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 eting room where Gun-Ho was sitting.
“Bro, when did you co? If you told in advance that you would co, I would have a eting in this room instead, so you can stay in my office. It doesn’t look good that you wait in this small eting room for . You are the owner chairman of the whole GH Group after all.”
“I’m okay.”
“Well, let’s go to my office. The eting is over.”
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