The next morning, J.S. Invest had a coffee time.
Hong Ji-young spoke.
"It's nice to have you all together. The four of you went on a business trip to Uiwang, and I felt a sense of silence in the office."
"We have signed a transfer agreement."
Chang said.
"Pitestech in Uiwang City is your personal company. JS didn't invest a single penny. But once we're done with the transfer, J.S. will make a loan to Pitestech and make an interest-bearing investment."
said Hong Ji-young with a smile.
"Sir, then give us a lot of interest on JS Invest."
Everyone laughed at this remark.
I said with a smile, too.
"Any other information? I love the story of the world."
Song said.
"In addition, Seoul Mayor Park Won-soon and Seongnam Mayor Lee Jae-myung of the Democratic Party expressed their willingness to run for the presidency."
"Really?"
I now feel that the event of the presidency is beginning.
I thought maybe the think tank would be moved forward.
This time, Chang made the remarks.
"Hyundai Motor is issuing 300 billion won worth of corporate bonds this time."
"If it's a private loan issued by an ultra-high-end company like Hyundai Motor, institutional investors, if not individuals, would be drooling.”
"Yes, it's the first bond issued in five years, so institutional investors are likely to flock to subscriptions."
said Kim Hyung-sook, accounting manager.
I hope that Pietestech will also attract institutional investors when issuing bonds.”
At this remark, Chang and I laughed. Because it is such a dream story.
Chang said again.
"I think it would have been great if Hanjin Shipping had been able to survive by issuing bonds. The government and the ruling Saenuri Party seem to be worried that Hanjin Shipping's court receivership will lead to massive unemployment."
I was reading two types of daily economic journals in the president's office every day, even though I was out of the geographies. So I was well aware that the economy was going.
There was also a great deal of analysis.
"Hanjin Shipping is too big to save at the group level. In this case, the government should have helped in light of the importance of shipping, but it's a waste."
Vice Minister Chang agreed.
"Yes, it is. Employment is also a matter of employment, but it is a pity that Korea should have a big shipping company. It's probably because it costs a lot of money to save the government."
"Exports are exports, but we need nationality shipping like Hanjin Shipping to transport strategic supplies in times of war. 54% of the nation's essential container ships are Hanjin Shipping's ships, and they say there are no alternative ships to replace them."
"Yes, because the national essential line can only be carried by a Korean national."
The female staff were enjoying the story of me and Zhang.
Chung and Song also nodded.
Manager Chung said something else to change the subject.
"It seems that China's IT dinosaur Tung Xun is developing tremendously. The total market value is 289 trillion won.“
"Wow, more than Samsung Electronics."
Last time I went to Shanghai, I remembered what the manager of a securities firm in Podong said.
I remembered the saying to set up a branch in Shanghai. I said, looking at Jung with a smile.
"Studying a lot of Chinese companies. We need to keep the Chinese market in mind as well as the American market."
I came to the president's office after finishing coffee time.
I turned on the computer and opened the HTS. Since the presidential election theme stock sale is not over yet, it seems that we should make a deal today.
Since we've been selling a lot so far, we thought we'd be able to meet the target amount if we just buy about two days.
Kim Hyung-sook, accounting manager, drove a ginseng car to the president's office.
Hong Ji-young, who is in charge of general affairs, took the car when the guests came, but it was strange to see Kim Hyung-sook come in without any guests.
"Thank you, sir."
"What? What?”
"You cared about the president's wife yesterday."
"But why would Mr. Kim Hyung-sook thank you for that?”
"I saw your wife cry yesterday and I got in trouble because I cried. And I was scared that this would happen if I failed to manage the company."
"I can't help it. Business is a success and failure."
"I don't know how grateful I am for the boss's handling of it. Thank you."
I said with a sip of the ginseng tea I brought.
"I did care for you, but I did it for the employees and clients of Piettek. Because I wanted to let the employee know that the new boss is compassionate and show that the client is faithful. I didn't just give it away."
said Mr. Kim Hyung-sook with a grin.
"The boss will be blessed.“
Kim Hyung-sook, the accountant, greeted me politely and went out. Although he is a young president of Jijap University, he said hello with a sincere respect.
When Kim Hyung-sook left the president's office, I aggressively recruited eight political-themed stocks.
Seo Hee Construction, Woori Pharmaceutical, Barunson, Igu Industry, Seoyeon Top Metal, SG World Products, Cai Tech, Mona Lisa, etc. were sold one by one after another. Some events have achieved their target of 1 billion book sales.
We were having a lot of fun when we got a call from the vice president of Piettek.
"What brings you here?”
I signed a transfer contract with the widow, a major shareholder of Pitestech, and I was wondering if there was any change.
"Well, I'm calling to tell you something."
"What do you mean?"
"This time I want to get my share back while cutting back.”
"Why? You're only going to get 50 million won back because you've been potatoed?”
"I'm trying to pay off my debts."
At the time of its founding, the deceased CEO brought 2.7 billion won and the vice president brought 300 million won to start 3 billion won in capital. Since I've forgotten all my capital while doing business, I've been forced to cut my capital by 6 to 1.
Thus, the vice president's stake had been reduced from 300 million won to 50 million won.
"When Mr. Choi comes to Pitestech, he's going to raise capital again."
"It's natural for the company to work."
I'm just saying this because I don't think it would mean much if I put in 50 million won. I won't ask for a dividend, I'll just work hard with the boss."
"It is up to you to participate in the stake. But isn't it only one percent of the shares that make you more willing?"
"You're right about that, but I've been in debt when I founded it, and I've been paying interest. So I'm going to take out 50 million won and pay back the bank money first."
"Then let's do this."
"How?"
"My main job is a fund investor, so it's hard to go down to Uiwang City and work full-time. If you pay your wife the balance, the CEO will jointly register with me and the vice president. We're going to be co-CEOs."
"What? Co-chairmen?”
"Do that and push for KOSDAQ registration when sales increase in the future. Once we register on the KOSDAQ, we'll give you stock options."
"Stock option? Go, thank you."
"You have the skills, don't you?" You got a Ph.D. from KAIST College of Engineering, where only talented students go. Pitestech is a company that can stand up with a little transfusion. If you work hard, good things will happen."
"Go, thank you. Boss."
"But when do they say potatoes are done?”
"The lawyer's story will be completed on Friday. He said he would take off the registered copy of the corporation that was reduced on Friday afternoon.
"Then tell your wife you'll pay the balance on Friday."
"Okay."
"And register the change of CEO when you pay the balance. In collaboration with me and the vice president. But the shareholder list is 100% owned by Choi Joon-sik."
"Okay."
"And if we register the change of CEO, we will increase capital increase to 5 billion won."
"5 billion? I see."
The vice president's voice has changed since 5 billion won is coming in.
"When the capital comes in, please pay me back first."
"Oh, I see."
"In the future, 10 billion won will go into JS Fund in the form of short-term loans. You should clean up bad debts and credit purchases then."
"Okay."
"And we've lost a lot of employees due to overdue wages, so please recruit more vacancies. It'll be enough for about 30 people, right?”
"Yes, we currently have 120 employees, but three months ago we had 150 employees."
"Oh, can I ask you to hire two employees?”
"Are you an executive?"
"I'm not an executive, I'm an employee."
"Oh, then it doesn't matter. We're going to reinforce the temple anyway."
"One will be in the General Affairs Department, and the other will be in the Sales Department, and if you're good at it afterwards, you can post it."
"At the end of the day, the general manager is vacant and the sales are vacant. That's great."
"What's the starting salary of a college graduate at Pietestek?”
It's set at about 30 million won. We're not small as an unlisted company."
"Well, is that so? I got it. Then I'll go down around Friday. I'll take the seal with me, so tell the accountant that you'll sign the documents regarding the change of representative."
"Okay."
"What's the accountant's name?"
"I'm Shin Hee-joo. You know my name, don't you?"
"It's Vice President Kim Kyo-young's name, I know. I got my business card."
"Thank you for remembering my name."
Vice President Kim Kyo-young's voice was much more pleasant than when he first called.
It seemed that his status was stable and the money came in and the company was likely to return to normal.
Moreover, I thought that I should try my best to give stock options even if I don't participate in the stake. And it's all the more exciting because Choi Joon-sik is likely to come down and sit around and stress himself.
I wanted to bring my friend Sung-mo and Kang Hyung-suk, who is studying in Sillim-dong, when I paid the balance at Pitestek.
Sung-mo even cried over the phone last time because of poor online sales, and Kang Hyung-suk wanted to get a job at Piettek because he seemed to be getting devastated by his unguaranteed study.
It was because Pitestek had a full salary and was bigger than the paper company that his classmate Lee Soo-chul attended. I thought that the technology would be better than the information and communication company that Lee Hak-sun works for in Ansan.
Currently, Lee Soo-chul and Lee Hak-sun are under a proxy position.
If Yang Sung-mo and Kang Hyung-suk were given proxy positions, the vice president of Piettek would not object, but they have no experience. It was difficult to direct an inexperienced person to a position.
I'm going to talk to the vice president and ask them to act for them if they work steadily for more than a year. Because our peers don't have many employees anymore and there are many substitute workers.
Finishing the phone call with Vice President Kim Kyo-young of Pitestech, I called the Virgin Mary.
"Shall we meet this evening? I have something to tell you. Let's meet in front of Lotteria at Yeongdeungpo Station by 6:30 p.m."
"What's the matter?"
"Let's meet and talk."
I called Kang Hyung-suk with the same content. Kang Hyung-suk must have been happy to receive my call when he was free. He said he would come to Yeongdeungpo station right away.
My friends now came running even after canceling other appointments when I asked to meet them.
I don't know if it's because I'm a rich boss and I'm expecting good luck.
Corporate capital reduction completed