After the Divorce, I Found a Thousand Bitcoins - Chapter 92
—————
This chapter was translated by Lunox Team. To support us and help keep this series going, visit our website: LunoxScans.com
—————
I Got Divorced and Found a Thousand Bitcoins Episode 092
As KH Group grew into a group-level organization, there was one more thing that needed to be done.
‘I should move the company.’
KH Capital, which serves as the center of KH Group.
KH Construction, which is currently proceeding with domestic and international construction contracts.
And KH Entertainment, which will be newly launched this time.
While these subsidiaries didn’t all need to be in one place, the existing office definitely felt cramped.
“Vice President Lim.”
“Yes, President.”
Morning meeting.
Kang Hyeon immediately spoke to Lim Kwang-ho, who had risen to become the general manager of KH Capital.
“Let’s move KH Capital’s office.”
“Do you have a place in mind?”
“Anywhere that can accommodate all the personnel we plan to hire would be fine.”
Kwangho thought for a moment and decided on candidates.
“Yeouido and Gwanghwamun areas would be good. There are quite a few places for rent in those areas recently, and most importantly, if they were operated as financial companies, major remodeling wouldn’t be necessary.”
“Good. Then please take charge of that matter, Vice President.”
“Yes, understood. But are you planning to keep the subsidiaries distributed as they are now?”
Although the group’s subsidiaries were few, gathering headquarters in one place from the beginning would make management easier.
Most importantly, it would create a legitimate source of income by collecting rent as a holding company.
However, Kang Hyeon had no intention of doing so.
“Even though they’re all in Seoul, each region has places that embody the characteristics of that industry. The current form seems most ideal.”
“Understood. Then I’ll proceed with the plan to move Capital.”
The relocation of Capital was decided.
This naturally raised concerns about how to use the Seongsu-dong Building.
But he had already organized his thoughts on this matter to some extent.
“KH Recovery will use this building that KH Capital was using.”
“Are you planning to keep KH Recovery?”
KH Recovery was essentially an SPC created for transparency of funding sources during the Yeongjong Island rental fraud incident.
Kang Hyeon was the only registered employee, and now that it had become a group, it wouldn’t be strange to process KH Recovery as a paper closure.
Kang Hyeon had different thoughts about this.
“I plan to elevate KH Recovery to a holding company.”
“You’re thinking of making Recovery into a holding company and placing it at the top.”
“Yes. And at the right time, I’m thinking of promoting Vice President Lim Kwang-ho to president to operate Capital.”
At Kang Hyeon’s words, the eyes of Lim Kwang-ho and other Capital employees widened.
Being promoted to president so soon after being promoted to vice president was an exceptional occurrence.
However, Kwangho was currently the only person at KH Capital who could take on the presidential position.
Unless they brought in new personnel from outside.
But Kang Hyeon had no intention of bringing in new external personnel.
He intended to entrust the most important part of the group to his friend and the most trustworthy person.
“Let’s wrap up the meeting here.”
After ending the meeting, Kang Hyeon entered the executive office.
And Kwangho followed, closing the door behind him.
“Dude! Me as president?!”
“Hey, just because we’re alone doesn’t mean you should immediately call me ‘dude.'”
“No! Don’t change the subject! Is it real? Am I the president? Really? Of this company?”
“Yeah, it’s real. Why do you keep asking?”
“Huh…”
KH Capital’s capital exceeded 4 trillion won.
To think of casually handing over a company of this size.
“You’re really one of two things.”
“One of two things?”
“Either you’re an idiot or you’re a bigger person than I could ever imagine.”
“Let’s go with the latter. That sounds better.”
“Sigh… Didn’t I tell you before? When you decide on things like this, at least give me a heads up first.”
“I decided yesterday. I didn’t have time to talk to you separately.”
“Wow… You decided yesterday and notify me today?”
“When things like this are decided, it’s better to notify quickly. That way you can prepare too, right?”
Everything he said was right from start to finish.
So Kwangho soon let out a sigh.
“Have you been learning how to talk somewhere lately? Your speaking skills have gotten better than before.”
“You try meeting prime ministers and group chairmen every other day. Your speaking skills naturally improve.”
“Damn… When I become president, I’ll definitely meet high-ranking people too.”
“Go ahead. Anyway, prepare well for being president.”
“Yes, yes. Chairman.”
Although he said “Chairman” as a joke, Kang Hyeon realized that this would now be reality.
‘From now on, there will be more people I need to take responsibility for.’
Kang Hyeon’s sense of responsibility was growing stronger.
* * *
The transition to a group proceeded quickly and smoothly.
At the same time, the documents requested by the Fair Trade Commission were also steadily submitted.
“We submitted the documents we’ve been preparing to the Fair Trade Commission today.”
“There shouldn’t be any problematic parts, right?”
“Choi Lawyer… no, Executive Director Choi did the final review and confirmed there are no problems.”
Choi Lawyer had now completely joined the company.
He joined as an executive director of KH Recovery, and Kang Hyeon gave him appropriate treatment.
“It must have been hectic since you haven’t been with the company long. Thank you for your hard work.”
“Not at all. The existing organized documents were so perfect that I only had to do verification work.”
What Kang Hyeon was most careful about was ensuring no problems arose with transaction records.
Especially in KH Capital’s case, since they often traded relying on Kang Hyeon’s abilities, they could be weak in such areas.
So they held repeated meetings and thoroughly kept meeting minutes.
If they submitted these, the possibility of the Fair Trade Commission raising objections was low.
“We’re also handling tax-related matters with Samil Accounting Firm. But if we become a group, it would be better to handle it through an internal finance department.”
Executive Director Choi’s point was accurate.
Since there was no need for a separate finance department until now, they had been outsourcing to Samil Accounting, an external firm.
But now that they were preparing to become a large corporation, there was a need to create a finance department.
“I’ll leave this matter to Executive Director Choi. Please recruit relevant personnel and organize a finance department.”
“Understood.”
“I’ll personally meet with Samil Accounting Firm to settle the relationship.”
They had received much help from Samil Accounting Firm.
While they could end the relationship simply by expressing their intention not to renew the contract, he thought it was proper to finish by speaking directly.
* * *
Kang Hyeon visited Samil Accounting Firm.
And he met with President Lim Tae-hyeon to convey his intentions regarding the contract.
“Hmm… It’s regrettable, but it can’t be helped. KH has now become a group and is facing becoming a large corporation, so continuing to work with us would be difficult.”
“We received much help during this time.”
“Not at all. Please contact us anytime if you need help in the future.”
“Thank you.”
After finishing the conversation with President Lim Tae-hyeon, he left the executive office.
Manager Jeong greeted Kang Hyeon as he came out.
“President…! No, you’re Chairman now.”
“Please feel comfortable calling me either. Thanks to Manager Jeong, I was able to handle many matters with ease. Thank you.”
“Not at all. I’m the one who learned so much from you, Chairman.”
He was sincere.
Especially while handling the Yeongjong Island incident together, he had admired Kang Hyeon’s decisiveness more than once or twice.
He came to think that such decisiveness was necessary to climb higher.
“I look forward to the day we can work together again.”
Manager Jeong expressed his wish while clasping Kang Hyeon’s hand.
* * *
While handling the tasks for large corporation classification one by one, Kang Hyeon received a call from Ullim.
-Chairman, this is Kim Hyeok-gi, CEO of Ullim.
“Yes, CEO. Have you given it some thought?”
-Can we really transfer all our company employees as they are?
“Yes. That clause will be included in the acquisition contract. Of course, we’ll proceed accordingly for those who wish to resign.”
Just because they were acquiring the company didn’t mean they could bring over all existing personnel.
Some people might feel averse to becoming part of a new company, so several might quit.
After hearing that such matters would be handled, Kim Hyeok-gi responded.
-I understand. Then I’ll sign the contract.
It was the moment Ullim’s acquisition was decided.
“Understood. Then I’ll visit with the executive director by tomorrow.”
Kang Hyeon clenched his fist after hanging up the phone.
* * *
[KH Group Acquires Ullim Film Production Company.]
[KH Group announced that it has secured 100 percent of the shares of Ullim, which is producing 【The Founding of the Great Korean Empire】 that garnered attention under the direction of director Bong Jun-seok.
At the same time, they announced the appointment of CEO Lee Jin-su as the new head of KH Entertainment and their full-scale entry into the film industry.]
KH Entertainment officially announced its beginning.
CEO Lee Jin-su visited the former Ullim office to have his first meeting with the employees.
“Nice to meet you all. I’m Lee Jin-su, your new CEO. I see many familiar faces. Although the company name has changed, what we need to do is the same as before – make good movies. That hasn’t changed, so everyone can continue doing what you’ve been doing.”
Clap clap clap-!
CEO Lee Jin-su had been in the film industry for a long time, so he was somewhat acquainted with Ullim’s employees.
He was especially close with Kim Hyeok-gi.
“CEO, please take good care of us going forward.”
“When it’s just us two, let’s be like before.”
“Haha, how can we do that? You’re clearly the CEO now.”
“Tsk, I did accept this request. But nothing will change much from before. Let’s focus all our efforts on producing The Founding of the Great Korean Empire for now.”
“Yes. Shall we start the meeting right away then?”
“Good. Let’s gather all the executives and get a report on the current progress.”
CEO Lee Jin-su began his full-scale work.
* * *
May.
At a time when the weather was still chilly, an announcement came from the Fair Trade Commission.
[Large Corporation Classification Notice]
[KH Group]
KH Group was officially classified.
Kang Hyeon also heard the news, but nothing changed significantly.
‘Regulations have increased, but we just need to follow the law well.’
Nothing would change drastically just because they became a large corporation.
Since they hadn’t been working around legal loopholes before, there was no need to change their processes.
‘I should finish today’s work and head to India.’
In India, preparations for the groundbreaking ceremony of Project Navodaya were progressing steadily.
Kang Hyeon was preparing to leave for India to attend that groundbreaking ceremony.
Before going to India, he needed to handle the most important schedule.
“Phew…!”
Kang Hyeon, who had traveled by car, arrived in Sejong City.
Sejong City was an administrative city created to disperse government organizations concentrated in Seoul.
It was Kang Hyeon’s first time visiting personally, but it was a city he had encountered often through the media.
Following the neatly organized city to reach his destination, Kang Hyeon was soon guided and waited for someone in the reception room.
Soon the door opened and a neatly dressed middle-aged man entered.
“I’m a bit late.”
“Not at all. I just arrived myself.”
“I’m Park Do-kyeong, Minister of Science and ICT.”
“I’m Choi Kang-hyeon from KH Group.”
It was the first meeting with Park Do-kyeong, head of the Ministry of Science and ICT and one of the key figures in the current government.
—————
This chapter was translated by Lunox Team. To support us and help keep this series going, visit our website: LunoxScans.com
—————