Chapter 315 - Prototype Development of the Joint Venture Company (2) – Part 2
After the general affairs manager listed all the employees who attended the meeting, Interpreter Yee was preparing to interpret what he just heard. At that moment, Gun-Ho told him,
“Please make it short.”
“Okay, sir.”
The interpreter listed everyone at the meeting with their positions only and he didn’t list their names, to make it short.
Gun-Ho then said,
“Thank you for joining us today. We could successfully establish our joint venture because of your hard work. Now, we began producing our sample products, and this is the time when we focus all of our time and energy on sale. In order to efficiently support the sale, we first have to produce quality products.”
Gun-Ho gave time to the interpreter to interpret what he just said before continuing his speech. He made his statement short enough so the interpreter could easily interpret it. Once he finished a fragment of his speech, he turned his head and looked at the interpreter and let him interpret before he continued to talk.
“Also, in order to produce quality products, the production team needs support from the maintenance team. To make all of these work smoothly, the support from the accounting and general affairs team is essential.”
It was Mr. Adam Castler’s turn.
“The American company and the Korean company are in the same boat now. Both companies invested 500,000 dollars in cash into this joint venture company, not to mention any investment in kind. We started with 1 million dollars to operate the company, and we have already spent a lot on the wages, equipment, etc, and we will be continuously spending the money as we operate the company. Since we now started producing products, we will have to focus on selling them.”
Director Kim also made his speech.
“I made a tour of our potential buyer companies yesterday with our sample products. At first, they all seemed to be satisfied with our products since they look the same as Lymondell Dyeon’s products. We will have to re-calculate our product cost though. I had a rough product cost because I didn’t have enough time to make it precise. After this meeting, we will make an official product cost statement.”
Mr. Adam Castler raised his hand.
“I have the cost accounting of Lymondell Dyeon with me. I will give it to you so you could use it as a reference.”
The new female worker—Ms. Seon-Hye Yee from the general affairs team walked out of the meeting room and came back with green tea. She distributed to each attendee of the meeting.
Gun-Ho started speaking again,
“Okay. Send it to me.”
“And I received a call from Suk-Ho Lee. He said he would stop by my office tomorrow.”
“Suk-Ho Lee? The one who is running a bar in Gyeongridan Street?”
“That’s right.”
“What’s the occasion?”
“I don’t know. I don’t really want to see him though. He was not a nice person to me when we were in high school.”
“I think you should meet him since he wants to come to see you there. You can buy him a lunch or something. I’m wondering why he wants to go all the way to China to see you.”
“We will find out once he gets here.”
Gun-Ho talked to President Jang-Hwan Song about sending the former research chief officer to Dyeon Korea.
“The vice president—Mr. Adam Castler agreed to have him in Dyeon Korea. Why don’t you inform him? So he can go to work at Dyeon Korea starting tomorrow.”
“Okay.”
“We probably won’t be able to extend his contract for the advisory position, but I want him to work in a comfortable environment while he is working with us. Please assign him an office.”
“Thank you.”
“Have you heard anything from the S Group’s factory in Changwon City? We sent our products there the other day.”
“I haven’t heard anything from them yet, but they ordered more products. I guess they are satisfied with our products.”
“Really?”
“I went into S Group’s ERP (Enterprise Resource Planning) system this morning and verified their additional order. They want 10,000 more by December.”
“Really? Haha.”
“And Director Kim is here now.”
“Director Kim?”
“Yes, he brought Dyeon Korea’s sample products to us as part of his sales effort for Dyeon Korea. I’m giving it a passing grade for their appearance. Director Kim asked me to mention Dyeon Korea’s products to our client companies when I visit them. In return, he will do the same.”
“That sounds great. We can help each other.”
“Out of five orders from S Group, we are already sending products for three of them, and we are still working on developing products for the other two orders. Once they are ready, I will see if we can use Dyeon Korea’s material to produce the products.”
“Sounds good.”