Mr. Hong Ji-young came to me.
"I bought 20 gift certificates."
"Well done."
I got the gift certificate and gave it to Deputy General Manager Chang.
"Divided by the deputy director to the staff."
"Okay. Huh? But I'm staying.”
"Give me your account if you have any left."
"Okay."
Hong Ji-young also brought two gift sets.
"What is this?"
"It's from Mogang Tech. I'm sending it to the registered director and to thank you.
"What are you taking care of us..."
said Chang, who was next to him.
"I got it, too. I got a gift set from Morgang Tech, and there are a lot of gifts from Pitestech. That sounds like a non-executive audit.“
Then he grinned.
Coffee time has begun.
First said Chang.
"Chuseok holiday starts tomorrow. The boss told us to hand out gift certificates to our employees, so we'll hand them out."
Chang then handed out gift certificates in envelopes to his employees.
Whether it's a large or a small amount, it's all good to receive a gift.
The staff loved it.
"Thank you, sir."
I changed the subject because I was afraid the staff would say something else that would be unpleasant to hear.
"What's the exchange rate these days?"
Jung said.
"It's on the rise. The won has risen sharply against the U.S. dollar and is currently trading at 1,113 won."
"Important companies must be worried."
"I think it's because there are rumors that the U.S. is raising interest rates within this month.“
"It's going to be bad for the stock market."
"Yes, so we're on a wait-and-see basis."
This time, Song said.
"You said at the last meeting that you felt sorry about Hanjin Shipping being placed under court receivership, right?"”
"I remember. I think it's a problem with the transportation of our exports, but we have to be prepared for emergencies."
"At that time, the boss said we needed nationality shipping like Hanjin Shipping to transport strategic supplies in an emergency like a war-like emergency."
"I think so."
"With Hanjin Shipping like that, the world's No. 1 shipping company, Musk Line, is in the spotlight. The short-term increase in freight rates and the influx of new customers could increase net profit by up to $760 million this year."
"Huh, by the way."
Musk Line is the world's largest shipping company with Danish nationality.
This time, Choi Yuna said.
"The transportation sector is also attractive. It's not shipping, but CVC Capital Partners, a private equity investment fund, has reportedly acquired Rosen Shipping, the nation's fourth-largest courier company, for 300 billion won."
Speaking of delivery, I remembered the first lady of the delivery company who came to pick up the delivery fee that was pushed back to Pitestec yesterday. It was a boss like a woman who had a husky voice.
However, it was a matter of open mouth to the fact that the courier took over the 300 billion won.
Three hundred billion? That's a great private equity fund."
"I was very interested in your acquisition of Pitestech this time. We believe that if we get stronger, we'll be able to acquire larger, more market-powered listed companies."
This time, Chang said to the staff.
"When the Chuseok holiday is over and the CEO and capital increase changes are completed, we will lead the company by lending 10 billion won. That will clear up important unpaid or credit purchases, which will lead to management normalization."
"Then Pietestek could be traded in the unlisted trading market."
"It's still a little far away. To register with KOTC, an unlisted stock market run by the Korea Financial Investment Association, we need to reduce the debt ratio."
"I see."
"Furthermore, Pitestech has patents, but it's more like a chimney industry than a venture. The 10 billion won loaned by JS Fund will be held in debt, so we need to reduce the debt to the company's profits after normalization."
I concluded the meeting because it seemed too long.
"We have to go to Uiwang City, so let's wrap up this morning's coffee time. I'll see you on Monday, September 19, after the Chuseok holiday. Have a nice holiday."
"Thank you."
Today, I went to Pitestek in Uiwang City with Chang and Kim Hyung-sook.
Chang told me.
"I liked the paycheck yesterday, but I was very interested in the boss I took over."
"Me?"
"I think he's either a conglomerate or a strong financial background because he's the president of a private equity firm. That's why many people say it's going to work."
"Huh, you must be looking forward to it. And then I don't know if they'll ask me to pay them back for all my 33 billion debts."
"It's also good for companies to go with a little bit. I don't think it's bad for me because the interest on finance is paid."
"The proper debt is good. I agree with that."
This time, Kim Hyung-sook said.
"Well, sir. Can I prepare a loan agreement form after Chuseok? I'm working until today because of Chuseok, but I don't have time."
"Go ahead. 10 billion won will go in after Chuseok."
When I arrived at Pitestek, I went up to the president's office and Chang and Kim Hyung-sook went to the accounting department.
Chang and Kim Hyung-sook would be busy sorting out the unpaid bills, but I had nothing to do much. I decided to go see the production site.
It was also because it was annoying for debtors to come straight to the president's office like yesterday.
I called the production director and factory manager.
The factory manager came up.
"Did you find it?"
"I looked at the production site last time, but I would like to see again how the production is made specifically.”
"I'll guide you."
I toured the production site with the factory manager.
Some were automated and the robot's arms were moving.
"You must have invested in automation."
"The facility was originally funded by the Korea Credit Guarantee Fund. Production site staff began to suffer musculoskeletal injuries due to lack of automation. The number of industrial accident patients decreased after installing this, but the employment was reduced.“
"Is that so?"
"We've heard that when a new boss comes in, we're going to strengthen our operations."
"It's not for me, but for Pitestech to survive, it's going to have to strengthen its sales."
"If we want to strengthen our operations and increase our production facilities, we need to build another production building next to the restaurant. The site that the kitchen lady is using as a field."
Yesterday I was talking about a field that I was sentimental about when I saw a butterfly flying in the field.
It was a bit disappointing that the field would be lost if the business was strengthened.
But I couldn't say I was upset.
On the contrary, I had no choice but to say that it should be increased.
"It's better if we increase our sales and increase our production. Isn't that the way to grow the company and expand the employment?"
"That's right. Manufacturing is the foundation of the industry, so we need to grow our manufacturing industry to expand employment. As of 2016, there are 4.41 million people employed in the manufacturing sector in Korea."
"4.41 million?"
"It's 16.7 percent of the total number of employed people. It's almost 18%, but it's falling."
I'm the president of a private equity firm.
To run a fund company, we also needed to observe employment trends.
"A drop in the number of employed means no business."
"Yes, I've heard it's because of sluggish exports and bad corporate restructuring."
I watched for a long time the production products were pouring out.
The staff glanced at me as I was walking around the scene with the factory manager. Some employees came and said hello.
The factory manager showed me to his office set up at the scene.
The factory manager's thread was messy. Parts were piled up on the table in front of the desk, and on the wall any circuit had the same picture and grapefruit.
On the other side, Chuseok gifts were piled up. They didn't seem to have distributed it to the staff yet.
The factory manager said, riding green tea himself.
"By the way, sir. Thank you for the Chuseok gift. I've piled it up here, and I've even told them to take it when they leave work. Thank you."
I sat on the sofa, drank a cup of tea, and unconsciously.
In front of the factory manager in his 50s, he quickly solved the problem because he thought it would be rude to cross his legs in his early 30s.
"How long have you been at the production site?"
"It's been 22 years."
22 years means that I have done this since I was in elementary school. It occurred to me that I shouldn't show that I'm the boss of such an old man.
I put up a tea bag of green tea in a paper cup. I said, getting off.
"Do you happen to know a company called Mogang Tech?"
"I know. Isn't it KOSDAQ-listed?"
"Have you ever been there?"
"I haven't been there. I've heard that there's a factory somewhere in Yongin or Anseong."
"It's in Anseong."
"I know sales there are over 100 billion won, unlike us.”
"It's probably because it's a KOSDAQ-listed company.”
"We understand that the company is delivering to Samsung Electronics."
"There is a West Bank factory in China, and recently the delivery of G-electrons has begun."
"G Electronics? We'd love to deliver there, but there's no way..."
"Let's ask Mogang Tech for help.”
"What? The boss? Is there anyone who knows that place? You'll need to know at least the purchasing manager to have power."
"In fact, I'm a major shareholder of the company."
"What? You're a major shareholder of Mogang Tech?"
The factory manager looked at me again, dreaming of his eyes.
If a major shareholder of a KOSDAQ-listed company, not a small company like Pitestek, the young president looked at me with a suspicious look of how much money he had.
"I'll have the president of Mokang Tech come here after Chuseok."
"Old? The president?"
I called the president of Mokang Tech on the spot.
Unknowingly, I crossed my legs and called.
"Are you the president of Mogang Tech?"
"Oh, Mr. Choi. How have you been?"
"I received your Chuseok gift well. Why are you taking care of me?"
"No, of course I will. Isn't Mr. Choi a major shareholder of our company and a registered executive?"
The factory manager listened to the president of Mokang Tech, who was heard over the smartphone.
I thought the young man in front of me was a major shareholder. It occurred to me how much money would make the president of a KOSDAQ-listed company with more than 100 billion won in sales embarrassed.
The factory manager looked me over again.
I always thought that the young man in front of me must be the son of a conglomerate, wearing a fine suit and shoes with a spotless skin and a luxurious silk tie.
The young man, who rides a 300-million-dollar car, was the son of a conglomerate or who is a conglomerate.
[Face color is different from ours. He must be a son of a conglomerate, given that he was in his 30s and swallowed up our company with over 40 billion sales. If I do my best to this man, wouldn't any soup run out?]
The factory manager in his 50s, who graduated from Hanyang University of Technology, would have no idea that I was a person who was sitting in front of him and graduated from Jijapdae from Daldongne, Sillim-dong.
The factory manager quickly poured hot water into the paper cup with green tea in front of me when it dripped.
the status of the owner's