Page 110 - V1.Osung Book_Eng

G E N O M E Efforts/Results/Evaluation/Value/Sales/Registration/Transfer

Limited Corporation / Private Company / Sharing-Profit Company

Many companies have different names but they have all same structure; a private company owned by one or a limited
corporation owned by many people. 20 years ago, I tried to establish the first sharing profit company in the world. It is GOB
established in 1996. GOB has a structure of joint investment, joint development, joint sales and joint distribution. It is
designed to have dividend profits according to the investment and distribute profits differently according to efforts of each
member. GOB had developed to solve the problems of the broken capitalism first in the world. But the mood for minority
shareholder, cooperative production and joint investment was not established due to the lack of members and social
environments. It was tough time. GIGA was born through these difficulties. I challenged again with the name of GIGA. It’s the
time to recognize the capitalism is broken and start sharing-profit company like GIGA. Now I want to compare general limited
company and GIGA’s GENOME Sharing-profit Company and reveal which one is better.

Comparison of Limited Company and GIGA’s GENOME Sharing-profit Company

Limited Company, Joint-stock Company and etc. GENOME Sharing Profit Company

Authority Decided by shares of 51% Decided by one person
Owner of 51% share can decide whatever he want
System Operated by System under Contract
(No System)
No Responsible if he knows law and manages Breaking agreed system is violation. He is guilty.
Responsibility company well. Obeying the system is not guilty.
Matter of moral hazard The morality of owner is important.
As time goes, company is owned by only one person
Results Only managed by GENOME System
(Inheriting wealth)
Personal Impossible Possible
Participation
Sharing Allocation Distributed by System (According to Investment)
Distribution

Management Impossible Possible
Participation