Kim Yun-hwan of EMG Asset agonized.
I was worried about how to raise the stock price quickly and eat and run.
However, it was difficult for manufacturers to float without groundbreaking inventions or large contracts.
Kim Young-gun urged the government to do so.
"You smart, come up with an idea.”
"First of all, we'll change the certified public accountant who deals with Mogang Tech during this board meeting."
"Why change that?"
"You need to do the accounting for the food?”
"Fraudulent accounting? What are you going to do if you get caught?"
"I don't want to make something that doesn't exist, but I can make a cool one by changing my account a little bit.m. a little.”
"How?"
"It's sales. Even if you're not good at it, you can still play with the cost."
"That... could be."
"For example, it reflects the June reflection of raw material prices in July, or the June reflection of the June settlement."
"Okay, so the second quarter's performance will be in the black."
"It's a massive stabbing. We're doing a stock broadcast.“
"Okay. If the West Bank orders from China's factory hit the black market, we'll be able to make a cap."
"Do I just have to make one? Three or four rooms. Kicking."
"Surely you're smart."
"Good. If we shake off 7.5 million shares of Mogang Tech this time, let's take over an economic newspaper. We need to have a media outlet to help us manipulate the stock market.”
"Okay! There's hope."
A few days later, the second-quarter board meeting of Mogang Tech was held.
It was held at Anseong factory.
The chairman and the president of Mogang Tech were very nervous.
I was worried about what to do when the personnel issue came up.
The chairman of Mokang Tech in his 70s, who has devoted his entire life to Mokang Tech, seemed to have lost all his life. Today was because Sae Paran, the president of EMZ Esette, who was younger than his son, could have come and cut his own line.
In his capacity as a major shareholder, Kim Yoon-hwan of EMZ Asset sat on the chair of the board of directors.
The auditor reported the profit and loss so far. As expected, operating profit rose slightly, but net profit was negative considering financial costs.
Kim Yun-hwan yelled at the report of his gratitude.
"What's the chairman and the boss doing here because they haven't made a profit yet? If we don't get a big boost in sales, we have to cut back on expenses, but we haven't."
said the president, the chairman's son, with his head bowed.
"We've reduced our expenses as much as possible. If we reduce it any more, the company may not work well. We've done enough."
"Then we should cut down on labor costs. The company has too many executives."
The chairman closed his eyes at the sound.
[It's here to come.]
The words of Kim Yun-hwan, who looked like a nobleman, continued again.
"Mogang Tech's stock price is stuck at the bottom right now. If the stock price is this low, the customer's reliability is also compromised. Shouldn't the stock give a boost?"
It'll get better in the third quarter."
"How?"
If our Chinese plant is up and sales are reflected in our third-quarter profit and loss, we expect our share prices to change."
"Did you get any orders?”
"We've received 6 billion orders this time by increasing Kepa to hear that the Chinese factory line is moving again. It will continue to grow."
"Make it public for six billion won. Then the stock will go up."
"That's a little... It's not a new order, it's something we've always had, but we just couldn't deliver it because of a temporary suspension at our Chinese factory."
"Still make it public!"
The chairman grinned.
The emphasis on public disclosure made me think that I would rather eat and run than take over the company. Then I thought he wouldn't kick himself out.
Kim Yun-hwan's words continued.
"And if second quarter profits and losses go bad, the financial sector will be anxious about our company. Then, there is a risk of higher interest rates or withdrawal of loans. Put off all the raw material you'll pay in June to July!"
"It has to be negotiated with the raw material company."
"If you don't hear this, say you'll switch suppliers!"
When Kim Yoon-hwan made a loud noise, the president's voice went down.
The chairman smiled again.
[Surely eating and running!]
The auditor made a remark. The auditor was an executive in charge of finance at EMG Asset.
"From what I've seen since I got here, the monthly expenses of the CPA who deals here seem to be a little high. I'll switch to a certified public accountant I know well."
"What? You changed your CPA?”
"Do it!"
"The CPA we deal with has already been doing our job for 10 years already. Because I'm an external auditor, I have to pay that much."
"I'll make it cheaper. Why do you keep arguing about cutting costs?"
The chairman gave a sleepy look.
But inside, my head went off.
[That's right, these guys are now determined to commit accounting fraud. That's all I have to think about.]
Kim Yun-hwan said after drinking a glass of bottled water.
"I don't see a big increase in sales, but I think the will of the people here is great. I will not make any suggestions on the future of the executives. Those who work full-time should take responsibility and work hard."
The boss was relieved to hear that he would not touch the personnel matters of the executives.
The chairman was expressionless because he had a hunch ahead of him.
The boss brought up a loan for the factory in China.
Increasing the amount of debt was due to the need for board approval.
"I need to get a loan from the West Bank factory in China."
"I hear you're doing a good job at the factory. What makes you take out a loan? Are we expanding our factory in China?”
"We need money to make inroads into Vietnam. China needs money to send production lines to Vietnam and build new production lines."
"Vietnam?"
"We need to enter a partner company of Samsung plant in Bac Ninh Province, north of Hanoi, Vietnam. If we don't go in, another company will come in."
"Do you have collateral for a loan?"
"China has a mortgage on its accounts receivable. I've talked to the head of the People's Bank of China."
"How much do you want?‘
"First of all, I would like to receive about 5 billion won in Korean money. Request approval from the Board of Directors."
"What do you think of the audit?"
Kim Yoon-hwan, chairman of the board of directors of Mo Kang Tech and CEO of EMG Asset, looked at the face of gratitude and asked.
"I don't think there's anything wrong with raising a company. What's more, it's not real estate, it's account receivable."
When Kim Yoon-hwan heard the words of gratitude, he looked at the face of the president of Mogang Tech again and said,
"Okay. I'll approve the creation of a Fineense in China. Instead, if you're not sending production facilities to Vietnam at once, try to identify rare earth importing ships."
"The rare earths?"
Everyone looked at Kim Yun-hwan's face, wondering what was unexpected. The boss opened his eyes wide and said,
"Our company is an electronic parts company. Rare earth has nothing to do with our company. And that's something we don't even know."
"I don't mean import. I'm telling you to go over it when you have time."
The president of Mogang Tech tilted his head to see if he didn't understand what Kim Yoon-hwan said.
Kim Yun-hwan declared the meeting closed.
"If you don't have any other agenda, this is the end of the board meeting today."
After the board meeting, participants said they would go to a cow galbi restaurant in downtown Anseong for a meal.
The chairman said he was sick and went to the cafeteria without following him.
About three hours later, the president returned to the Mogang Tech factory.
The president came up to the chairman's office.
"Everyone in EMZ ESET is now back in Seoul."
"Puppies, by learning only bad things from young men!"
"But today, I'm sure they don't mean to eat the company. I think they're going to make a big splash."
"I'm going to put the stock up like an attic.”
"But it's strange. I know everything else, but what's that rare earth thing sound like? In a way, Kim Yun-hwan is a jerk."
"He's the one who paid the bill and said that."
"Calculation?"
Our stocks will double in the future. You're working under the water, right?”
"If we do some accounting fraud and turn the surplus around to make second-quarter gains and losses better, the stock price will go up. Would you go up with the attic?”
"He's trying to put one more on top of the accounting fraud. That's what rare earths are!"
"We don't recognize rare earths and we're not even in the business sector listed in the articles of association."
"Just because we've reviewed it, we're going to start a rumor."
"Ah!"
"That's it. If Morgang Tech spreads the rumor that it has signed a supply contract with a rare earth producer in China, the stock price will soar. It's probably because it's hard to get rare earths these days."
"Ah!"
"Then if we were to disclose the reasons for the soaring stock prices, we would have reviewed them, but they would be groundless."
"Then they'll already have the stock in it, and they'll eat it up.”
"Right. We're getting out of here by spinning bombs at the ants that came in."
"I see. I only cared about quality improvement in manufacturing, and I never dreamed I'd be so mischievous. You're the CEO of an asset management company, so your brain is very advanced."
"It's a good study for us."
The boss went to his room.
I was angry at the thought of it. It was because Kim Yoon-hwan, a junior at Sakaman High School, looked like a fool when he was so smart.
"Puppies! Then I have an idea."
The president telephoned the head of the corporation in China's West Bank plant.
"Are you the president of the West Bank plant? I'm the head of the headquarters."
"Old boss!"
"How's the sale bond mortgage going?"
"I'm having a drink with the head of the People's Bank."
"No, it's not even dinner time. You're drinking? Do you drink during the day?"
"There are many people who drink during the day in China. The loan application is in."
"If you get five billion, send it over here. Because I have to pay back this debt first?”
"Don't you send production facilities to Vietnam?”
"Watch it a little later and send it first."
"Okay, sir."
The boss decided to withdraw all 5 billion won from his own collection when the money came in from China.
And I decided to buy Mo Kang Tech shares with that money.
[Hahaha, if your guys are playing, I'm playing too.]
Today was the day of the decision of the Virgin Mary.
I didn't go to court and just played on the Internet in the office.
Hong Ji-young knocked in the president's office.
"I have a Chinese visa."
"Oh, really? Great job."
I was in a good mood and was looking at the stamp on my passport when I got a call from my mother's brother.
"Brother! The trial just ended."
"What happened?”
"One year in prison, two years in probation."
"Really?"
"The lawyer's story comes out today. Thank you, brother."
"You shouldn't be guilty during the suspension period.“
"You'll be careful.”
"Good work."
I got a call from lawyer Bang, too.
"Yang Sung-mo was sentenced to one year in prison and suspended for two years. It's coming out today."
"Thanks to you, attorney. Thank you for everything."
"Tell Yang Sung-mo firmly. If you commit a crime while on probation, you'll be punished more.”
"Okay, I'll tell him that. I'm sure he'll come to his senses."
I felt lucky to be this big.
a representative of a large law firm