159 Business Expansion (1) – PART 2

"When you work in the joint venture, we had to talk with the Chinese co-venturer to determine your salary. Since our Mulpa Automotive is an independent company, we will have to determine the amount of your salary. How much do you want to get?"

"My salary? I'm good with the same amount as I earn with the joint venture."

"How much are you making now with the joint venture? You are getting 1.5 million won from Seoul, and 6,000 something Yuan in China, right?"

"I think it's more than enough for me since I haven't really done anything in the joint venture."

"Once you start working at Mulpa Automotive in China, I can no longer pay you 1.5 million won from Seoul. Instead, I will pay you 20,000 Yuan in China (about 3.6 million won) and will add a stock option."

"Stock option?"

"If you as the president work hard, and the factory is doing well, you will have the option to buy the company shares."

"Hmm."

"The stock option would be 5% of the capital."

"What does that mean?"

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