Story of a Big Player from Gangnam

Chapter 618: Memorandum of Understanding (1) - Part 1

Director Woon-Hak Sim had to pay for his medical insurance on his own because he had no employment, and it was burdensome for him under his current situation. When he was told that his insurance would be taken care of with Four Major Public Insurance, he felt a great sense of relief.

Gun-Ho changed his posture and said to Director Sim, "GH Media has its office downstairs on the 17th floor. It's a small publishing company, but if I decide to make an investment in Huanle Shiji Production Company, I will do it through GH Media. So, officially GH Media will be the investor."

"I see."

"We have prepared your desk at GH Media's office. You will need a place to sit while working with us here. You are expected to show up at work every day until we are ready to send you to China. You can read the drama manuscript and surf the web, or whatever necessary at your desk."

"Thank you for your thoughtfulness, sir."

Gun-Ho called for GH Media's president— Jeong-Sook Shin to his office on the 18th floor.

"Let me introduce this lady. She is the president of GH Media."

"Pleasure meeting you, ma'am. I'm Director Woon-Hak Sim."

"Oh, you are the gentleman who we made the business card for last time. It's very nice finally meeting you in person."

President Jeong-Sook Shin extended her hand to Director Sim for a handshake.

Gun-Ho asked President Shin, "We have a desk ready at GH Media's office for him, right?"

"Of course, sir. He will find everything he needs at the desk. He doesn't have to bring anything. A desktop computer is also placed even though it's not brand new."

"Well, please show him his desk then."

"Okay, sir."

Director Sim followed President Shin to the GH Media's office on the 17th floor and all the way to his desk. After showing his desk, President Shin introduced the workers in the office to Director Sim including Chief Editor Cheon-Young Pi and Mr. Yoshitake Matsuda— the freelance journalist. The three men were all artists in their own terms, and they seemed to heat it off right away.

Gun-Ho made a call to President Shin.

"Do you have an extra business bank account of GH Media that you don't really use these days?"

"Yes, sir."

"Please give me the account number. I will send 2 billion won to that account by the end of today."

"Yes, sir. I was actually thinking that we'd better keep a separate bank account for the drama production-related work."

Gun-Ho then made a call to Mr. Baogang Chen— the owner president of Huanle Shiji Production Company.

"This is Gun-Ho Goo."

"Oh, hi, sir. How are you?"

"I received your email. I have a few questions for you."

"Please ask me any question."

"My first question is about the short-term debt of 2 billion won. If you let the creditors know that you will soon start producing a new drama with the investment funds from Korea, are you certain that they will postpone your payment for the loans?"

"If the investment is confirmed, I'm confident that I can persuade them to allow me to defer the payment. But I will still have to pay them the interest though."

"My second question is about the 400 million of the accounts payable. You said that you haven't paid your staff for the past two months, and the total amount of the unpaid wages is 100 million won. And 200 million won is the guarantee. Do you think you can defer the guarantee payment as well?"

"I think I can defer the guarantee for the top star, but I will have to pay the other extra actors and actresses. So, we will have to pay at least half of the amount."

"I see. I am coming to Shanghai City this Tuesday with GH Media's president."

"This Tuesday? Sounds great. I will be waiting for you. I will also let Director Seukang Li know about your trip."

Gun-Ho made a call to President Shin again.

"I'm planning to go on a trip to Shanghai this Tuesday. Will you be available?"

"Yes, sir. Is Director Sim coming with us?"

"No. It will be just you and me, Ms. President Shin."

"Okay. I just sent you a text message with GH Media's bank account number."

Gun-Ho asked for Manager Hong who was in charge of the accounting at GH Development.

"Did you want to see me, sir?"

"I want you to make a chart showing the information about all of GH companies' bank account numbers."

"I was actually thinking that it would be more convenient to have a chart like that."

"Well, then let's make a more complete chart. Please make a chart with the information of each GH company's business bank account number, the person's name who is in charge of accounting of each company, and their phone numbers."

"Yes, sir."

"Also, please write this down."

Manager Hong opened his note and grabbed his pen getting ready to write down what Gun-Ho would say.

"The person's name who is in charge of GH Mobile's accounting is Director Min-Hwa Kim. At Dyeon Korea, Accounting Manager Myeong-Sook Jo handles their accounting matters."

"Yes, sir."

"For GH Logistics, Director Gun-Sook Goo is the one who is handling the accounting work. As to GH Parts Company in China, you will have to talk directly to its president— Min-Hyeok Kim, since their accounting staff is Chinese."

"Got it, sir."

"You are handling accounting work here, so you can take care of GH Development's information. And, you can visit GH Media downstairs for their information."

"I already wrote down GH Media's bank information."

"Who is in charge of accounting at GH Media? Is it the design team lead— Ms. Min-Sook Oh?"

"No, sir. There is a person who takes care of general affairs there. Her name is Hyeong-Sook Noh. She handles their accounting work as well."

"This is GH Media's bank account number. Please write it down. They are not really using this account right now. It will be used for the work related to China from now on. Please make sure that this is not their major bank account."

"Yes, sir."

"Also, don't forget to add the persons' email address who is in charge of each GH company's accounting work, to the chart as well. We will need their alternative contact information other than their phone numbers."

"Yes, sir."

Gun-Ho, for a moment, thought about asking Manager Hong to take care of the investment funds transfer of 2 billion won to China, and then he decided not to; the amount was just too big. He later visited the bank himself and made the fund transfer.

After getting back from the bank, Gun-Ho asked Assistant Manager Ji-Young Jeong to come to his office.

"Please make a flight reservation to Shanghai City tomorrow for two people. GH Media's President Shin and I will go on a trip there."

"Yes, sir."

"You don't have to worry about our visa to China. President Shin and I obtained a one-year business visa to China, and they are still valid. I don't believe we need to apply again for the visa."

"Yes, sir."

It was Tuesday. Gun-Ho and President Shin were heading to Incheon International Airport in Gun-Ho's Bentley. President Shin who was sitting in the front passenger seat said to Gun-Ho, "I thought we are taking a flight to Shanghai at Gimpo International Airport."

"There are flights to Shanghai leaving from Gimpo International Airport too."

"Gimpo is closer from our office. Why didn't we leave from there then?"

"The flight leaving from Gimpo International Airport arrives at Shanghai Hongqiao International Airport. I want to get off at the new airport— Shanghai Pudong International Airport instead which is close to Huanle Shiji Production Company. If we take the flight departing from Incheon International Airport, we will arrive at Pudong International Airport."

"Oh, I see."

"How's Director Sim doing? Is he coming to the office every day?"

"Yes, sir. He seems to be getting along very well with Mr. Yoshitake Matsuda and Chief Editor Cheon-Young Pi. I believe they are all about the same age."

"Really?"

"I saw those three men going directly to a bar yesterday after work."

"Haha, I see."

"Director Sim promised me to introduce a few good broadcasting writers."

"Broadcasting writers?"

"Yes, they don't solely write scripts, but most of them publish their own essays as well. Broadcasting writers are usually talented at writing. In addition, they are well known to the public, so their books tend to sell very well."

"Oh, really?"

"With Director Sim's presence at GH Media, I think we can expand our areas of publishing."

"That's nice."