[서울신문] Kim Bum-soo’s son and daughter received shares of’Kakao Spoon’ and worked as a father company

Kakao side “Chairman Beomsoo Kim’s family company… Has nothing to do with succession”

Beom-soo Kim (55), founder of Kakao and Chairman of the Board of Directors, is a self-made stockholder who works by himself without inheriting a company or property. It was confirmed that the son and daughter of Chairman Kim Beom-soo attend Kim’s private company, which owns Kakao shares.

▲ Kim Bum-soo, Chairman of Kakao October 10, 2018 News 1

According to Kakao on the 25th, Chairman Kim’s son, Kim Sang-bin, 28, and his daughter, Kim Ye-bin, 26, have been working at K Cube Holdings, a privately held company that has a 100% stake since last year.

As of last year’s public announcement, K Cube Holdings is CEO Kim Hwa-young (52), the younger brother of Chairman Kim. Chairman Kim’s wife, Hyung Mi-seon, is also making a name as the non-executive director of Kita. It is known that there are no employees other than the six or seven close to Chairman Kim. K Cube Holdings spent 1.58 billion won in 2018 and 1.41 billion won in 2019.

K Cube Holdings currently owns an 11.21% stake in Kakao. Chairman Kim owns a 13.74% stake in Kakao and a 100% stake in K Cube Holdings, so it is estimated that he actually owns a 24.95% stake in Kakao.

Kakao believes that K Cube Holdings is the private company of Chairman Kim and Kakao is only a shareholder, but in the industry, K Cube Holdings is actually Kakao’s holding company. K Cube Holdings is known as an investment and management consulting firm, but has not shown any official corporate activities.

K-Cube Holdings announced last month that it would merge a company called’Tipo Invest’ on March 1 of this year, but T-Po Invest is a company that Chairman Kim owned 100%.

In the industry, it is speculated that Chairman Kim is preparing for a “Kakao succession” when he puts his son and daughter into K Cube Holdings and organizes the structure of a private company.

Kakao said, “K Cube Holdings is a private company of Chairman Kim, and I know it has nothing to do with succession.”

KRW 144.5 billion donated to relatives

Chairman Kim Bum-soo recently donated 60,000 shares (worth 26.2 billion won) to his wife Hyung Mi-sun and their children Sang-bin and Ye-bin.

On the 19th, Kakao announced on the 19th that the chairman of the board of directors Kim Bum-soo gave 330,000 shares of his own stock to relatives. The closing price of Kakao on this day was 440,000 won, and the value of the donated stocks reached 145.2 billion won.

According to the Electronic Disclosure System of the Financial Supervisory Service, Chairman Kim Bum-soo donated 60,000 shares to his spouse Hyung Mi-sun and his two children Sang-bin and Yebin.

In addition, Haengja Kim (25,000 shares), Myung-hee Kim (2800 shares), Daehwan Kim (4200 shares), Hwa-young Kim (15,000 shares), Yunjeong Jang (5415 shares), Yerim Kim (4585 shares), Eunjung Kim (10,900 shares) ·Kim Gun-Tae (4550 shares), Kim Yoo-Tae (4550 shares), Hyung Mi-sook (19,000 shares), and Park Hyo-bin (6000 shares) have also handed over the shares.

Accordingly, Chairman Kim Bum-soo’s share of ownership decreased from 14.20% to 13.74%.

Reporter Kim Yoomin [email protected]