Justice Minister candidate Cho Kuk at the time spoke about Woongdong Academy in August 2019 /YTN
“My mother, who is the president of the board of directors of Woongdong Academy, announced to me that she will resign her position as president, and my entire family will relinquish all titles and authority related to Woongdong Academy. “We will take all necessary measures, including consultations with related organizations and the formation of a board of directors, to ensure that Woongdong Academy is managed by the government or a public interest foundation rather than by individuals.”
Cho Kuk, head of the Cho Kuk Innovation Party, said this before his personal hearing in August 2019, when he was running for attorney general. In 2006, CEO Cho’s younger brother, Jo Kwon, and his wife filed a lawsuit against Woongdong Academy, an educational institution of which his father was president, for payment of 5.2 billion won in construction costs, because suspicions had been raised about a cause. .
However, following the investigation, it was revealed that Woongdong Academy never had any consultations with related official organizations or discussions with the board of directors regarding Woongdong Academy’s return to society.
In July 2020, Park Jeong-sook, president of Woongdong Academy, mother of Cho Kuk, leader of Cho Kuk’s Reform Party, leaves the court after appearing as a witness at the trial of Cho Kwon, Cho’s younger brother, held at the Court Seoul Central District. /yunhap news
According to Chosun.com’s coverage of the 1st day, Woongdong Academy has decided to reappoint CEO Cho’s mother Mr. Park as chairman of the board of directors on July 6, 2022. He took office as a director in 2009, rose to the office of president in 2010 and held the position for 14 years. Five years have passed since he declared that he would step down as president and, although he has since been found guilty by the court, the promise has not been kept.
An examination of the minutes of last year’s meetings revealed that there was no mention of the resignation of the chairman of the board of directors or of any repayments to the company. Woongdong Academy has been publishing board meeting minutes on its website since February last year.
When asked, “Aside from the published minutes, has any agenda related to the president’s resignation and return to the company ever been presented at a board meeting in the past or discussed with relevant organizations?”, a Woongdong Academy official said. he responded, “It was never put on the board agenda. However, he said, “we are pushing the matter forward internally” and “only when a conclusion is reached internally will we be able to hold a board meeting or discuss with related organizations”.
Although Representative Cho made a commitment in 2019, after five years nothing substantial has been done. In this regard, CEO Cho did not respond to several contacts. President Park said: “No one seems to be taking over the school, so we have no choice but to run it until we get bigger.”
◇A strange lawsuit filed by the son’s organization against the father’s organization
The beginning of the incident dates back 40 years. According to Chosun.com’s coverage and the ruling, Cho Byeon-hyeon, Cho’s father, took over Woongdong Middle School in 1985. In 1996, his father, Mr. Cho, who had been running the school since then, decided to move the school on a hill near Du-dong, about 2km from the center of Macheon-dong, Jinhae-gu, Changwon, Gyeongsangnam. -Do.
His father, Mr. Cho, entrusted the construction of the new school to a company called Koryo Construction. The contract amount is 1.6 billion won. Korea General Construction subcontracted the work to a company called Koryo City Development. However, Korea General Construction and Korea City Development went bankrupt around 1997 without receiving payment for the construction.
About 10 years later, in 2006, a company called “Kova C&D” and a woman in her 30s named Jo filed a lawsuit against Woongdong Academy for construction costs. You said, “We took over the bonds for the construction of the new Ungdong Middle School by Koryo City Development,” and you requested that Ungdong Academy submit the construction amount in 1996.
Woongdong Academy did not respond to this lawsuit and lost. In 1996, Koba C&D and Mr. Cho had the right (obligation) to receive a total of 5.1 billion won from Woongdong Academy, including 1.6 billion won in construction costs and 3.5 billion won in interest for 10 years late.
Jo Kwon, the younger brother of former Justice Minister Cho Kuk, who was tried on charges of breach of trust in September 2020, is on his way to court to participate in the sentencing hearing held at the Seoul Central District Court. /yunhap news
◇ GoStop, a squeeze and a shot? When I saw the parties involved in the lawsuit, I said, “They all know each other.”
On the surface it seemed like a normal payment cause, but in reality it was a strange cause. This is because the president of Woongdong Academy, party to the case, Korea General Construction, which received the project, Koryo City Development, the subcontractor, Koba C&D, which received the deposit, and Cho, a woman in her thirties, were all members of the CEO Cho’s family.
The president of Woongdong Academy and the CEO of Korea Construction were CEO Cho’s father, and the CEO of Koryo City Development, a subcontractor, was CEO Cho’s younger brother. The younger brother, Mr. Cho, was also the CEO of Kova C&D who won the lawsuit over the payment demand, and it was revealed that Mr. Cho, a woman in her thirties who had filed the lawsuit with Kova C&D, was the wife of Cho’s CEO. younger brother at the time. At the time of this incident, CEO Cho was the director of Woongdong Academy. The court ruled that this lawsuit was a legal action in which both the plaintiff and the defendant were on the same side.
This case came to light when his younger brother, Mr. Cho, pledged 5.1 billion won in bonds obtained through a lawsuit as collateral in 2008 and borrowed 1.4 billion won in corporate funds through private loans with 100% annual interest, but was unable to do so. repay them. At that time, the collateral for this bond was land owned by Woongdong Academy, and it was Woongdong Academy that provided collateral to his younger brother, Mr. Cho. The court found that this was an act of breach of trust.
Ultimately, in December 2021, the Supreme Court sentenced Cho’s younger brother Cho to three years in prison and a fine of 147 million won, citing charges of attempted breach of trust and bribery. The court said: “The younger brother, Mr. Cho, together with his father, Mr. Cho, committed a breach of trust by filing a lawsuit against Woongdong Academy as if they had a bond worth 5.1 billion won, causing damage to Woongdong’s property.” Academy.” However, it was found that no actual harm occurred and a charge of attempted breach of trust was applied.
At that time, his younger brother, Mr. Cho, was also found guilty on suspicion of receiving a 180 million won bribe from a teacher who applied to attend Woongdong Middle School under Woongdong Academy.
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