Hankook Tire Chairman Hyun-beom Cho attends ‘theft and breach of trust’ … Forensic observation of seized items


[서울=뉴스핌] Reporter Kim Hyun-gu = Hankook Tire & Technology (hereafter referred to as Hankook Tyrus) Chairman Cho Hyun-beom, who is suspected of ​​misappropriating company funds for personal use, appeared before the prosecution on the 6th

Chairman Cho attended the Fair Trade Investigation Department of the Seoul Central District Prosecutor’s Office (Chief Prosecutor Lee Jeong-seop) and observed digital forensic work on confiscated items such as mobile phones.


Previously, on the 19th of last month, the prosecution conducted a search and seizure of Chairman Cho’s home, the headquarters and affiliates of Hankook Tire, and 10 other places, and secured account books and his mobile phone.

Prosecutors are investigating and investigating a case of embezzlement and breach of trust under the Act on the Aggravated Punishment of Certain Economic Crimes by Chairman Cho of the Seoul Western District Prosecutor’s Office.

The prosecution is expected to call and formally investigate Chairman Cho after confirming the exact extent of the theft and breach of trust.

Along with this, the prosecution is also investigating allegations of unfair support for relatives of Hankook Tyre.

Hankook Tire is suspected of supporting MK Technology (MKT) by purchasing tire molds through a price calculation method (new unit price policy) that overestimated costs for about four years from February 2014 to December 2017. , Prosecution believes that the profits driven by MKT flow into Chairman Cho and others.

MKT shares are owned by Hankook Tire with 50.1%, Chairman Cho and Hankook & Company advisor Cho Hyun-shik with 29.9% and 20.0%, respectively. MKT paid a total of 10.8 billion won in dividends, including 6.5 billion won and 4.3 billion won, to Chairman Cho and Cho’s advisor from 2016 to 2017.

On the 26th of last month, the prosecution for the first time prosecuted without detaining a Hankook Tire procurement executive named Jeong and the Hankook Tire corporation for violating the Fair Trade Act.


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