[아주경제 오늘의 뉴스 종합] Mong-gyu Chung resigns as HDC’s Hyunsan chairman… Public opinion is ‘cool’

Mong-gyu Chung resigns as HDC’s Hyunsan chairman… Public opinion is ‘cool’

HDC Group Chairman Chung Mong-gyu announced that he would resign as chairman of Hyundai Development Company taking responsibility for the accident that occurred at the construction site of a new apartment building in Gwangju, but public opinion was cold. The emergency response committee, which consists of the city of Gwangju, the Gwangju Hwajeong I-Park missing person’s family response committee, and those who are expected to move into this apartment, evaluated the resignation of Chairman Jeong as “an apology that only brought anger and disappointment”, saying, “I don’t feel sincere.”

Chairman Jung held a press conference to apologize to the public at the headquarters of I’Park Mall in Yongsan, Seoul on the 17th and said, “What I worked for 23 years for the development of the company when I took office as chairman of Hyundai Development Company at Hyundai Motor Company in 1999 went to waste in an instant due to this accident. “It hurts my heart so much,” he said, “I will step down from the position of chairman after this time while feeling responsible for the two incidents that occurred last year and this year.” This is Chairman Chung’s first official position, issued six days after the accident.

He said, “I will step down from the position of chairman, but I promise to make every effort at the group level so that the accident can be rectified and the people’s trust can be restored.” We will establish and implement all countermeasures to ensure recovery,” he said.



However, Gwangju City, the Missing Persons Countermeasures Committee, and the Residents Planning Committee criticized the resignation of Chairman Jeong as “a show to evade responsibility”. The apartment tenants were furious, saying, “While shouting an apology to the public, there was no mention of compensation plans, methods, or future procedures to the victims.”

Minister of Land, Infrastructure and Transport Noh Hyung-wook “We will give the strongest penalty to Hyundai Industrial Development”

Minister of Land, Infrastructure and Transport Noh Hyung-wook said, “The strongest penalty that can be imposed under all laws and regulations run by the government should be given to HDC Hyundai Development Company, which caused two major accidents in Gwangju.” It is impossible to apply retroactively as the accident occurred before the enforcement of the Serious Accident Punishment Act, but if the insolvent construction of Hyundai Industrial Development is revealed, it shows a will to mobilize the currently applicable law to take administrative measures.

According to the current Penalty Regulations on the Construction Industry Act, administrative measures against corporations may result in business suspension for up to one year. There are also regulations that allow the cancellation of registration in the construction industry. The Construction Act stipulates that arbitrary cancellation of registration is possible in the case of ‘intentional or negligent construction work that causes serious damage to major parts of the structure and creates a risk to the public’.

However, it has been made clear that the current top priority is to search for the missing rather than punish the modern industrial development. Minister Roh said, “Since the site is unstable, it is necessary to take measures to prevent a second safety accident in order to search for the missing person,” he said.

Big tech regulation in full swing… Internet banking before the speed of overpopulation

Internet-only banks are accelerating as they grow in size. As the government’s full-fledged ‘big tech’ sanctions are foretold this year and market liquidity is expected to decrease, it is judged that a speedy push will be more advantageous in raising valuations. Their sales power is expected to become stronger after capital expansion this year.

The representative company is K-Bank, which benefited from Upbit last year and turned to the black. According to the financial industry on the 17th, K-Bank has advanced its initial public offering (IPO), originally planned for 2023, to this year. The ransom of K-Bank is being talked about up to 15 trillion won. The deadline for submitting bid proposals is the 24th. Mirae Asset Securities, NH Investment & Securities, Samsung Securities, Shinhan Financial Investment, and foreign securities firms are known to have participated in the bidding. It is expected that the PT will be completed before the Lunar New Year holiday and the final organizer will be selected in February.

Viva Republica, the operator of the financial platform Toss, is in the midst of pre-IPO (equity investment before listing). The strategy is to prepare ammunition and aggressively expand the business. According to the investment banking (IB) industry, Morgan Stanley and Credit Suisse have been selected as the organizers, and they plan to finalize the final investment attraction within the first half of the year and materialize the IPO plan.

KT and Shinhan Bank signed a ‘blood alliance’ for future business… Exchange of shares worth 430 billion won

KT and Shinhan Bank are on the same boat. The two companies will jointly promote future financial digital transformation (DX) business cooperation through a large-scale exchange of shares. It plans to cooperate in a total of 23 projects, including artificial intelligence (AI) and metaverse.

According to industry sources on the 17th, on this day, KT and Shinhan Bank signed a strategic partnership for future growth digital transformation business cooperation. Through this partnership, KT will acquire a 437.5 billion won stake in Shinhan Financial Group. After the stock acquisition, KT’s stake in Shinhan Holdings reached 2.1%. The expected date of acquisition of shares is the 26th.

Shinhan Bank will secure the same amount of stake in KT owned by NTT Docomo. Shinhan Bank, along with Shinhan Life Insurance and Shinhan Financial Investment, will acquire all KT stocks owned by Japan’s NTT Docomo. It is equivalent to 5.46% of KT’s stake.

If Shinhan side adds 0.02% of KT’s existing stake, Shinhan will own a total of 5.48% and become KT’s second largest shareholder.

KT and Shinhan Bank joined hands to create the largest tech-finance alliance in Korea. With this big deal as an opportunity, the two companies will speed up future growth DX through omnidirectional collaboration.

[단독] Victims of ‘Sudme down payment scam’, this week’s class action lawsuit

Victims of the so-called ‘sudme (studio dress/makeup) down payment scam’ are going to a class action lawsuit this week. The number of participants in the first lawsuit is about 80 so far, but there are about 1,600 prospective couples who are complaining about damage, so the scale of the lawsuit is expected to increase in the future.



According to the legal community on the 17th, about 80 victims of the ‘Sudme down payment’ case will sue the CEO of Company A this week on charges of fraud and business embezzlement.



No-gyu Kwak, a lawyer under the law firm, a group lawsuit legal representative, said, “There are hundreds of prospective couples who have paid a down payment and the balance ranging from hundreds of thousands of won to as many as millions of won to Company A. seen,” he claimed.

The CEO of Company A, a large wedding brokerage company with about 106,000 online members, abruptly closed the business on December 30th, and after notifying the employees of the dismissal, disappeared.



The Gangnam Police Station in Seoul, which started the investigation, said, “The amount of damage to prospective couples who took money from Company A is between 300,000 and 5 million won per person, and the number of victims identified so far is 260, and the number continues to grow.” is continuing, and we are conducting a reinforcement investigation,” he said.



Victims are sharing information by creating Kakao Talk open chat and class action cafes. Currently, about 1,600 victims have gathered at the class action cafe.