Kim Kyo-young, president of Pitestech, said.
"Two of the patents we currently have at Pitestech were studied by three people, my former president, and the director of the institute. For convenience, I applied for a patent under the name of my former boss."
G Electronics vice president said.
"So you're saying that the patent ownership belongs to the deceased former president?"
I listened with my ears pricked out of curiosity.
"No, it's now owned by the Pitestech Corporation. It's changed because when you get government funding, you have to do it in the corporate name."
I thought to myself that that's why the widow didn't mention the patent issue.
G Electronics vice president said, taking a sip of the crystal room.
"Wow, that's great! I sometimes drink this room at G Electronics executives' meetings. You can always drink."
The president of Pietestek said in a pleasant tone.
"In China, Maotai was originally famous. This correctional room is only a few days old. A company in Sichuan Province, China, made the discovery of a 600-year-old brewery in 1998. It's an old-fashioned way of manufacturing."
"Is that so?"
"The hydrofoil distillery is now said to be the oldest on Earth. It is still perfectly preserved and recorded in the Guinness Book of World Records."
"Amazing."
The three drank well without me. I drank coke.
The room actually modifying Moon Jae-in, later president is 2019. 12. 23. the Sichuan Chengdu, China when Li Keqiang also receive a present from the prime minister, wine.
At that time, the Korea-China-Japan summit was held, and the Chinese side also held a dinner at the museum.
I said to the president of Mogang Tech.
"Can't you deliver the products from Pitestech to Samsung Electronics' West Bank plant in China?"
"I knew you'd say that. Actually, that's why I came here today. When I got your call, I thought that's the only way I could get sales up here right away."
Kim Kyo-young, president of Pietestack, listened to the president of Mogang Tech and poured drinks from the correction room and said.
"So you're saying you'll help us get our products into Samsung Electronics."
"Build an assembly plant in China."
I was opposed to this remark.
"New investments are difficult. I've brought 15 billion won and put out urgent debt, but it's not good to spend extra money. We're talking about the expansion of the vegetable garden next to the restaurant, and that's an extra 450 million won, right?
"You don't have to make a new investment. You don't have to buy land and build a factory. You can rent it. They are often built and leased by local governments, not by individuals."
"Hmm."
"We don't need mechanical equipment. You take the parts from here and assemble them. You don't have to produce the parts yourself."
"So all you need is an electrical facility and a bit of a warehouse."
"Yes, you can get a warehouse building for a few million won a month. But we'll need some electricity."
G Electronics vice president also welcomed the move.
"That's a good idea. China does not have a minimum capital requirement when establishing a corporation.
Also, it is a country where you can pay the paid-in capital later.“
"Is that so?"
"But if we have nothing, the Chinese Commerce Department might not like it, so I think we can have the capital of $50,000 or $100,000. We need a place to stack the parts from here, so we need to get a warehouse.
"Then it will be a form of a subsidiary in China."
"Yes, it's a subsidiary of Pitestech, Inc. It's to set up a local corporation in China. We're building Pitestech China Limited."
I also thought it would be worth a try if it didn't cost a lot of investment.
Kim Kyo-young, president of Pitestech, asked the president of Mogang Tech.
"Why don't we export without setting up a local factory?"
"You can do that. But will Samsung plant use the local company's right away? Or would you import and use it even if it takes time?"
"Well, I get it."
"That's why we also spent a lot of equipment on building factories in western China. Rather, we didn't have the experience to build a rental assembly plant."
"That's why our parent company has been reeling from high factory construction costs and facility investment."
"Yes, I'm telling you not to make the same mistake as us."
"But isn't there an advantage in local production?"
"Of course, depending on the parts. We can do that when we have a large order, but we'd better still go out for assembly."
"But there should be an employee who knows about China well, and that's the problem."
I tried to recommend the Virgin Mary, but I quit.
St. Mary was a man who had been to a factory in West Bank China for the operation of Mogang Tegg. It was also because he was a man who sold miscellaneous goods online in Yiwu, Zhejiang Province, with ethnic Koreans until recently.
But to President Kim Kyo-young, I said something.
He said he would not engage in any internal affairs of the company, but only increase or decrease assets.
However, if you recommend the Virgin Mary as a friend, it would not make sense.
I didn't want to give the impression that I was intervening in personnel affairs.
"Eat up and say something. Bosses!"
said the serving woman who baked the eel.
The serving woman put the golden eel in front of each of them.
"Thank you, sister."
The CEO of Mokang Tech took a 10,000 won bill out of his wallet and gave it to a serving woman.
This time, Mo Kang-tech told the vice president of G Electronics, pouring alcohol.
"Please take a good look at Morgang Tech before you retire."
"Mogang seems to have increased deliveries by more than 10 billion won this time because of the consideration of the president of G Electronics, right?"
"It's getting better. By the way, please help us deliver it to G Electronics America or Europe. But if we deliver, we're going to get a lot of benefits from the government because we're going to get our export results
"You're a friend of the founder and the chairman of Group G, aren't you? Who dares to touch the Morphant Tech?“
"But we're weak in exports."
"Do you think exports are profitable? It's going to cost a lot of freight. Moreover, Hanjin Shipping has collapsed, so I don't know if I should use foreign shipping companies."
"I still want to.”
"The purchasing executive's wife is a good golfer. Let's have a couple round sometime. I've become a toothless tiger now and it doesn't work."
I thought in my heart that I couldn't play golf and wouldn't fit into business.
I thought it was Howard Hughes, too.
Four of us came out of the eel house.
When we broke up, the president of Pitestech said he wanted to visit Morgang Tech. He seemed to think that there was a lot to learn from the fact that Mogang Tech is a KOSDAQ company and its sales are over 100 billion won.
"Come any time. We'll take a look at our production lines and give you some know-how on KOSDAQ registration."
"Do you mind if I go with the executives of Pitestech?"
"Of course. Aren't we all in the shadow of President Choi Joon-sik?"
Before I knew it, I was becoming a huge shade.
On my way back to Seoul, I asked Han Kwang-jin, vice president of G Electronics.
"How did you feel when you saw the Pitestech plant today?"
"With a little bit of it, there's a good chance we'll be in the black."
"Is that so?"
"First of all, Choi's handling of the debt has increased our financial health. In addition, if G-electronics sales increase by 5 billion won, sales will be 45 billion won. This results in higher growth rates and higher operating margins. It's easier to work.”
"What do you mean by being comfortable?"
"First of all, it's easy to generate finance when we introduce new machinery, and we're free to scout people."
"Are you saying that's possible because you're not pressured by labor costs?"
"Yes."
The second is that Samsung Electronics can deliver to its West Bank plant. Then we have a subsidiary and the sales increase here. If that happens, we expect sales to exceed 50 billion won within this year.“
"Shall we?"
"A 10 billion increase in 40 billion sales means a 25 percent increase. It should be seen as a phenomenal growth rate. We have to build a production area in the vegetable garden next to the restaurant in the Pitestech factory."
"We'll have to add some extra production facilities.”
"You can bring production facilities to lease. Or we can assemble them."
"What do you mean, bring it to the lease?”
"There are financial firms that make production machines lease or installment payments. First of all, Pitestech has good financial health with Choi's blood transfusion, so the lease interest won't be high."
"Really? Lease won't hold me in debt."
"Yes, it's like pulling into a car rental. It doesn't mean that you don't have a high debt ratio."
"Good word."
I've decided that I should also work to recruit and attract competent people.
That seemed to be my job as president of a private equity fund.
G Electronics vice president continued to speak.
"Do you happen to know a company called Hyundai Commercial?“
"I think I've heard of it, but..."
"Hyundai Motor Group has established an installment financing company specialized in leasing commercial vehicles and machinery. That's Hyundai's commission."
"Is that so?"
"It's a company that deals with installment financing for heavy equipment such as buses and trucks and excavators and machinery like presses."
"Well, I see.”
"In 2007, it was founded with a capital of 100 billion won, and it invested 50 percent in Hyundai Motor, 20 percent in Hyundai Mobis, 15 percent in Kia Motors and 15 percent in Weia."
"Well, is that so?"
"I don't think it's a bad idea for you to set up JS Commercial when you have more clients' money."
"I don't have that kind of money yet."
"And I've talked about the term, and it's for a reason."
"Don't you want me to guarantee you a stable job during your term of office?"
"Of course it means that, but it's actually because of stock options."
"Stalk option?"
"My boss said he would give me a stock option if I could get Pitestek listed on the KOSDAQ."
The vice president of G Electronics began to speak up to me.
He used to say 'to me,' but now he used the word 'to me.' Although I am a nephew, I think it was because I am the owner of the company.
"I said I would definitely give you stock options."
"Employees who exercise the stock option must serve or serve in the company for at least two years."
"He, is he?"
"It's two years from the date of the special resolution of the shareholders' meeting regarding the granting of stock options, not the general date of entry."
"I always keep my term for two years. I told you I could extend it."
"If you go public, I get stock options, of course, but you make a fortune."
"Is that so?"
"I'm sure the 5 billion won in personal assets you've put into Pitestech will go to tens of billions."
acceptance of invitation