Chapter 812 - Stock Accumulation of His Own Company (3) – Part 1
Chapter 812: Stock Accumulation of His Own Company (3) – Part 1
Gun-Ho had lunch outside his office building that day and came back to the office afterward. He was having a cup of coffee sitting on the sofa when GH Media’s Mr. Yoshitaka Matsui knocked on the door and entered his office.
“Oh, Mr. Yoshitaka Matsui. Please come in.”
“I thought you went to work in Jiksan Town and Asan City today, sir.”
“Right. Since it’s Monday, I was supposed to be there for work, but I decided to stay in Seoul to take care of other businesses.”
“I see.”
“How was your trip to Japan?”
“It was good. We signed a contract with a Japanese publishing company for four different books about self-development. The advancement payment for each book is set for less than 3,000 dollars.”
“Good job.”
“And, I had a chance to talk with Mama San Segawa Joonkko while I was in Japan. She told me that Mori Aikko hadn’t been fully paid for her part in the movie from the movie production company.”
“Really?”
“When Mori Aikko signed the contract with Huanle Shiji Production Company, she received 20,000 dollars, and later, she received an additional 30,000 dollars. And that was it.”
“I just came back from my trip to China only a few days ago, and while I was there, I pressured them to pay Mori Aikko with the full amount that they promised in time. I believe they sent her the pay by now. Please check with her again.”
“Oh, really? I will check with her right away, sir.”
Mr. Yoshitaka Matsui made a call to Segawa Joonkko on the spot.
“Moshimoshi (hello),” Segawa Joonkko picked up the phone.
“Oh, Mama San desu ka?”
“Hai!”
“Watashi wa kankku no Matsui Yoshitaka desu (I’m Yoshitaka Matsui from Korea).”
“Oh, Mr. Yoshitaka Matsui.”
“As for Mori Aikko’s pay, Mr. President Goo seemed to have given some pressure to the production company during his recent trip to China. Did Mori Aikko receive the full payment?”
“Yes, she did. We verified the amount. If you see Mr. President Goo, please tell him that I really appreciate his help on this.”
“Okay, I will do that. Thank you.”
“Thank you.”
After getting off the phone with Segawa Joonkko, Mr. Yoshitaka Matsui turned to Gun-Ho and said with a smile, “She confirmed that they received the pay.”
“That’s good to know.”
“It could have become big trouble for them. Your visit there certainly resolved the issue neatly.”
“Well, they had to pay since the movie shooting was completed.”
“They were supposed to pay her at least half of the promised pay which would be 100,000 dollars when they reached the halfway of the estimated production period. Those Chinese people didn’t handle the pay matter right this time.”
“That’s true, but she got paid now, so it’s good.”
“I met one more person during the trip. I met with Mr. Sakata Ikuzo in Motomachi, Yokohama City.”
“How is he doing?”
“He seems to be doing very well. He is still carving wood and metal pieces.”
“That’s really good to know.”
“And, he mentioned someone in GH Mobile. His name is Jong-Suk Park. Do you have someone by the name in GH Mobile, sir?”
“Yes, we do. Well, he no longer works for GH Mobile though. He is now running a company called GH Machines. He is the president of that company.”
“Oh, really? Mr. Sakata Ikuzo is hoping that you—Mr. President Goo—visit him in Yokohama City with the Director Park person, and he wants the meeting to be private and quiet.”
“Yokohama City? For what?”
“Mr. Sakata Ikuzo has a friend who is running a factory in the precision machinery industry. The company’s name is Miura Machines. The company is possessing exceptionally well-enhanced technology. The thing is that this company is closing its business soon.”
“Why would a company with exceptional technology close their business?”
“There is no appropriate successor who would take over the company.”
“This company manufactures things like a camshaft and valve by carving metal with a machine, and the owner president’s son and daughter seem to have no interest in the work at all.”
“He should have someone good and competent among his employees. He could let that person run the company.”
“There is no young employee working in the factory; every worker there is 60 or above. There are some workers who are willing to take it over, but they want it for free; they don’t want to pay to acquire the company. They are saying that it’s really hard to find young workers in the industry, so it wouldn’t be easy work running a company like that.”
“Japan has that sort of issue too, huh?”
“Right. It’s really hard to find people who would be willing to work in 3D professions that require hard physical labor, in Japan and also in Korea.”
“What does it have to do with seeing me and Director Park?”
“The owner president is willing to hand over his company to you if you can financially guarantee his income after he retires. He’s not going to transfer the land to you, but he will give you the machines and technology.”
“Hmm.”
“He wants to meet with you and Director Park. He will talk about money with you, and talk about technology with the Director Park person.”
“The company—Miura Machines—is located in Yokohama City?”
“Yes, it is, sir. Miura is actually the name of a small city in the suburbs of Yokohama. My guess is that the owner president is from Miura, and he probably named his company after the city that he was from. It’s like someone would name his company Jiksan Machines because he grew up in Jiksan Town. There is the last name—Miura—in Japan as well.”
“Last name as Miura?”
“Yes, sir. My name is Yoshitaka Matsui, so if I have the last name of Miura, my name would be Yoshitaka Miura. As a matter of fact, my last name—Matsui—is the name of an area as well.”
“Oh, really?”
“So, sir, are you willing to meet with Mr. Sakata Ikuzo?”
“I don’t know. I will have to talk with GH Machines’ President Jong-Suk Park first.”
After Yoshitaka Matsui left the office, Gun-Ho opened the stock trading application. His request to purchase 10,000 shares at 18,600 won, which he submitted earlier that day wasn’t fully satisfied yet. Since Gun-Ho was present in the stock market with loaded cash being ready to be spent to purchase any available Dyeon Korea shares as soon as it showed up in the market, the price didn’t drop lower than 18,600 won.
Gun-Ho mumbled to himself but toward the stock manipulators, “You cheap sh*thead, throw the stock as many as you can, I will take them all.”
When it was after 3 pm, someone placed a chunk of Dyeon Korea’s shares in the market to sell.
“Alright. Those stock manipulators are trying to keep the price low. I won’t let them get what they want.”
The purchase request of 10,000 shares that Gun-Ho had previously made was quickly fulfilled. Once Gun-Ho’s purchase request was satisfied, the stock price began to drop rapidly.
The stock discussion forum became vibrant with heated discussion again in talking about the changes that were occurring with Dyeon Korea’s stock trading and price.
“The price will definitely go lower than 18,000 won today.”
“It could well drop even below 17,000 won. Gun-Ho, don’t you care about your company’s stock? Do you even watch what’s going on? Do something about it.”
“Gun-Ho jerk, he is so bad at managing his company.”
The Dyeon Korea’s stock chart was showing a blue light again.
Gun-Ho grinned.
‘I will take all that you are throwing in the market.’
Gun-Ho made an additional request to purchase 10,000 more shares at 18,600 won. The stock price remained calm again. Gun-Ho then put the purchase request for another 10,000 shares at 19,000 won this time. Dyeon Korea’s stock price increased by 2.15%, and the red light appeared on its stock chart. Investors felt encouraged to purchase Dyeon Korea’s stock by the change that Gun-Ho made, because the stock price was on the rise, and they would make money by holding the stock for a while, and sell them when and if the price would go up higher. The people in the stock discussion forum started giving different opinions from the time prior to Gun-Ho’s active involvement.
“The stock price increased by 2%. This is the max that this stock could go up. You’d better sell what you have now if you don’t want to regret it later.”
“Don’t raise the price by a small amount, but show me the shiny red thick stick on the stock chart.”
“If the price goes up higher and hits the upper limit, I can recover what I lost so far which doesn’t seem to happen anytime soon though.”