<h4>Chapter 614: Hiring Director Woon-Hak Sim (1) – Part 1</h4>
When Gun-Ho came back to Korea from his trip to China, he found an email waiting for him. It was from Huanle Shiji’s president.
[500 million won out of 2 billion won of the short-term debt is a loan from a financial institution. The remaining 1.5 billion won is a loan that I borrowed from individuals. 300 million won out of the ounts payable of 400 million won is unpaidbor costs—100 million won is the number of unpaid wages of our workers at Huanle Shiji for the past two months, and 200 million won is for the guarantee. Please take this into ount when you make your investment decision.
I firmly believe that the experience of failing is also a precious experience. We have failed in thest two dramas, but I’m sure that our third drama will be a sess as we say ‘third time’s a charm.’
If ourpany could show the creditors of the short-term debts that we will surely receive new investment funds, I believe we can dy the payments for the loans.
From Huanle Shiji’s President Baogang Chen.]
There was one more new email waiting for him. It was from the Chinesenguage instructor at Hankuk University, who was working on tranting the synopsis sent by Huanle Shiji, into the Koreannguage. He said that the trantion waspleted. Huanle Shiji’s third drama’s title was ‘Shiguang Ru Meng.’ Gun-Ho sent the tranted synopsis to Director Woon-Hak Sim.
He then printed out the email contents from Huanle Shiji’s president, so he could read it closely andfortably for several times while sitting on his sofa.
‘Once I put my funds in Huanle Shiji, they will start casting actors and actresses for their next drama—Shiguang Ru Meng—and then they will give a production presentation to the public. This will calm down the short-term creditors by giving them the assurance that they will be paid for the money owed by Huanle Shiji. However, unpaid wages will have to be paid right away. The workers will not be willing to work without being paid. I totally understand how they would feel because I almost went crazy myself when my wages were on hold for three months when I worked for the furniture manufacturing factory in Pocheon City.
Well, I decided to make my investment in this drama productionpany. I’m not aiming at only making profits by producing the new drama—Shiguang Ru Meng—but I also have to think about the rtionship with Seukang Li. I’m investing in that person and his future as well. If he is elected as a member of the Central Committee of the Chinese Community Partyter, it will be really nice to have a friend in that powerful and influential position, who has an amicable attitude toward Korea and our culture.’
Gun-Ho replied to Huanle Shiji’s president.
[The trantion on the synopsis has beenpleted. We will review it and let you know.]
The news about the possibility that they would have a new investor from Korea was exciting news to the workers at Huanle Shiji. Its president was facing a hard time making his 15 workers work hard because he hadn’t paid them for the past two months, not to mention the pressure that he was constantly receiving from the creditors. Their second drama—Qui Ri Yan (Autumn Feast)— was still ongoing, and itsst two episodes were scheduled to be on air. Huanle Shiji’s staff thought that thepany would be dissolved after finishing Qui Ri Yan, and they would have to find another job until they heard of the news on the new investment funds. Now, they were excited, feeling hopeful.
“Did you hear the news? Our president is contacting an investor in Korea.”
“The chairman of the Koreanpany that might make an investment in ourpany visited Chinast time quietly.”
“I also heard that he told our president that he wanted to review the synopsis before making his decision, so our president sent the synopsis to him.”
“I’m desperately waiting for my two-month wage. I need money to buy powdered milk for my child.”
Gun-Ho withdrew 2 billion won from his stock ount where he had 170 billion won. Well, he had 174.5 billion won there to be exact. The interest of 4.5 billion won had been umted.
“Oh, I earned 4.5 billion won as an interest ie? The due for the general ie tax is May next year; I still have time until then. The branch manager of the stock brokerage firm told me that I will have to be prepared to pay 2 billion won for my general ie tax. He also said that the tax ountant, who they are working with, will take care of my tax file as well.”
When Gun-Ho arrived at his office on the 18th floor at GH Building in Sinsa Town, he asked for GH Media’s president—Jeong-Sook Shin—who was working on the 17th floor. A momentter, President Jeong-Sook Shin entered Gun-Ho’s office at GH Development.
“Did you want to see me, sir?”
“I’ve made my decision. I will invest in the drama productionpany in Shanghai, China. GH Media will be the official investor.”
“Oh, is that right? But, GH Media doesn’t have enough funds to make an investment. Our funds are almost exhausted for the new books that will soon be published.”
Gun-Ho smiled and said while crossing his legs, “I’m not asking you to actually invest in China with GH Media’s funds. I willpletely bear the necessary funds. Today, I will send 2 billion won to GH Media’s business bank ount.”
“Huh? 2 billion won, sir?”
President Jeong-Sook Shin seemed to be astonished by the amount of the money—2 billion won.
“You don’t have to be surprised by just 2 billion won. You know that I signed a contract for a joint venture terminal project where I have to bring in 25 billion won.”
“Well, still, sir...”
President Jeong-Sook Shin knew that Gun-Ho was a highlypetent businessman with a lot of money, but she felt frightened when she was told that the enormous amount of money—2 billion won—would be actuallying to GH Media’s ount, thepany which she was running
“Please record the 2 billion won as the funds from GH Media’s directing manager—Gun-Ho Goo.”
“Yes, sir.”
“Also, please start the paperwork to hire Director Woon-Hak Sim as a full-time employee of GH Media. You know the director who you made a business card forst time.”
“As a full-time employee, sir? With the same position as listed on his business card—the head of operations of the soap opera production department, sir?”
“Yes, please.”
“How much are we paying him? Also, we will need to file the Four Major Public Insurance for him as well, right?”
“Hmm, his monthly payment will be 1 million won.”
“1 million won? He will be ced in a position as the head of a department. 1 million won doesn’t sound to fit the position.”
“I will send him to China soon, and he will receive his sry in China as well, so we don’t have to give him high pay here in Korea.”
“Oh, I see.”
What Gun-Ho just said to President Shin was only one of the reasons why he didn’t want to pay Director Sim with a high sry. The major reason was that since Director Sim had huge debts, there was a good chance that his sry from now would be seized by his creditors.”
‘If Director Woon-Hak Sim receives a high pay at work, his sry after subtracting the basic living cost will be garnished.’
Gun-Ho sipped his ss of water and then said to President Jeong-Sook Shin, “And ce a desk for him at GH Media’s office. He will need a ce to sit during work hours. I will often ask him toe to my office.”
“No problem, sir. We have more than enough space to add one more desk. When we decided to move our office to this building, we chose a spacious office in case we would expand soon, even though we have to pay a high monthly rent. As a matter of fact, I don’t even have to buy a new desk either. We do have an extra desk avable in the office. We prepared it for a new hire in the future.”
“Hmm, really? That’s good.”
“Since he is the head of the soap opera production department, we will need to make his space more private. Maybe we can add some space partitions around his desk.”
“Sounds good.”
“Haha. It will be fun to have a soap opera production department in GH Media.”