Chapter 491 - Joint Venture Company for Transportation (2) – Part 2
Gun-Ho went to work at his office in GH Building, Sinsa Town.
President Jeong-Sook Shin, who was working downstairs, came up to Gun-Ho’s office.
“Thank you for coming the other day to the costume play event with your wife.”
“So many people came, and I could feel their excitement. I guess the event was successful.”
“The items related to the event and souvenirs, that were brought by Mr. Yoshitake Matsuda from Japan, are sold out.”
“I guess you made some profits, huh?”
“The items targeted at children are not very expensive. I think we made several million won from the sale.”
“As long as you didn’t incur any loss for hosting the event, it’s good.”
“Our workers commented after meeting Young-Eun that the president’s wife looks so elegant. And Assistant Manager Ji-Young Jeong and Ms. Yeon-Soo Oh here agreed to it.”
“Well, I guess they are just being polite.”
“No, sir. Young-Eun looks prettier since she got married.”
“Haha, you think so?”
“Since we have enough cash in the company’s reserve, I’ve made another contract with an agency for ten educational books.”
“I see.”
“GH Media has published more than 50 books so far. It’s a stable publishing company now since, whether it sells a lot or not, books are being sold on a daily basis.”
“Hmm, really? Oh, you know what? I have something that I’d like to discuss with you. Do you have time to talk now?”
“Please have a seat.”
Assistant Manager Hong looked at Gun-Ho’s face while sitting on the sofa.
“I have a few questions to ask you since you have a tax accountant license.”
“Of course, sir.”
“Someone I know received an interest income and dividend income. How much tax would be imposed for those incomes?”
“If both types of income occurred, that person is subject to aggregate taxation on financing income.”
“What percentage should he expect to pay?”
“Aggregate tax on financing income is a cumulative tax, so the tax rate depends on the person’s amount of income.”
“Hmm, really? Then can you give me the range of the tax rate?”
“It’s from 6 to 42%. What is his total income?”
“I was told that it’s about 6 billion won.”
“Wow! 6 billion won? Then his tax rate will be definitely 42%. If a person’s total income exceeds 500 million won, the applicable tax rate is 42%.”
“He will have to pay more than 2.5 billion won for tax then.”
“That’s correct. Even though he pays that much tax, that means he is making that much money. Only a few people would make that much in our country. He must be a happy man.”
Gun-Ho couldn’t smile.
“Hmm, I see. You will have to pay more taxes as you make more money; that’s how it works, I see. Okay. You can go back to your work.”
After the assistant manager left Gun-Ho’s office, Gun-Ho threw a pen to the floor.
“F*ck! The National Tax Service is robbing us.”
Gun-Ho gulped down water and tried to stay calm.
“Well, I should pay taxes as I make money. That’s how I contribute to the country. Nothing is determined yet. I didn’t even get a bill for my tax dues. Let’s wait and see.”
Gun-Ho received a call from Dyeon Korea’s Mr. Adam Castler.
“I came back from China.”
“Is everything fine?”
“Yes. I’ve conducted a thorough inspection, but I didn’t find any problem. The amount of cash in the reserve is accurate as well.”
“I’m not surprised. Dingding is a meticulous person.”
“I’ve also verified that more than 90% of their clients are Korean companies. According to President Min-Hyeok Kim, he spent a lot of money in developing Korean clients. That’s why we let them keep running the company.”
“Of course.”
“As to the land where the storage is located, in my opinion, its appraisal is a bit overvalued. However, since the price of the area’s real properties is on the rise, I decided to let it go.”
“You will see. You will soon see the price of the land increasing dramatically.”
“Okay, sir. Let’s sign the contract. Why don’t you come to Dyeon Korea?”