This article was published on January 28, 2021 at 18:45 The Bell Paid PageIt is an article expressed in
Minsuk Kwon, CEO of IS Dongseo (Picture) Made it clear that Kumho Petrochemical’s theory of’fighting in the house’ was different from the facts. It is explained that the purchase of shares is for personal investment and nothing more or less.
In a written interview with The Bell on the 28th, Kwon said in a written interview with The Bell on the 28th, “It is correct that I personally purchased the stake because of the high possibility of growth of Kumho Petrochemical, but this is simply an investment. It is not” he said.
Representative Kwon also drew a line that “the IS Dongseo corporation, not an individual, has not purchased any shares of Kumho Petrochemical, and that individual has no relation to the dispute over management rights.” Any further comments could be misleading, he concluded carefully.
Previously, some of Kwon and some executives, Kwon’s private company, and a private equity fund bought 100 billion won in Kumho Petrochemical, which was interpreted as a dimension of solidarity with Managing Director Park Chul-wan. At present, Kumho Seokhwa’s niece and nephew Park, Mr. Park’s niece on the side of Chairman Park Chan-koo, raised’Bangi’, and the rumors of a conflict between maturities were on fire. In the process, it was conjectured that Kwon was a strong friend.
However, an official from IS Dong-seo dismissed, “Even though CEO Kwon and some executives bought shares, the amount of 100 billion won is ridiculous and there is no intention to take any action related to management rights in the future.”
Representative Kwon is the eldest son of Chairman Kwon Hyuk-woon, the founder of IS East-West. In May 2012, as Vice President at the time, he became the CEO and entered the second generation management system. After inheriting management rights, he actively pursued an M&A strategy. In particular, since 2019, the company restructured its business structure with a strategy of’selection and concentration’. By selling non-core businesses and taking over waste companies, the environmental business was settled as a new business.
Looking at the company’s equity structure, IS Dongseo is controlled by IS Holdings, a group holding company, with a 44.49% stake. In addition, IS Holdings owns 56.3% of Kwon Hyeok-woon and 30.6% of Kwon Min-seok. Representative Kwon has not had contact with the media so far, but it seems that he felt the need to clear his position as various theories about Kumho Petrochemical were raised.
Meanwhile, Kumho Seokhwa is owned by Chairman Park Chan-gu (6.7%), his son, Park Joon-gyeong (7.2%), and Chairman’s nephew, Park Cheol-wan (10%). However, the day before, Managing Director Park announced that he will resolve the joint ownership relationship with the existing representative reporter (Chairman Park Chan-gu). .
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재 및 재배포 금지 >