The Justice Party, experts, and the labor community are looking for directions to improve their governance structure.
On the 23rd, two years after the announcement of the sale of Daewoo Shipbuilding & Marine Engineering to its rival Hyundai Heavy Industries Group, politicians, experts, and workers faced heads to find problems and alternatives for the sale.
In addition to the National Countermeasure Committee against the sale of Daewoo Shipbuilding with preferential chaebols, members of the National Assembly Ryu Ho-jeong, Bae Jin-kyo, and Jang Hye-young, Gyeongnam Provincial Congressman Lee Young-sil, the KCTU and the Korea Metals Union held a meeting room of the Gyeongnam Provincial Council on this day. Discussion meeting was held.
Rep. Ryu Ho-jeong said on the day, “The sale of Daewoo Shipbuilding & Marine Engineering is a preferential sale of chaebols and the result of the government’s misguided policy judgment that destroys the foundation of the Korean shipbuilding industry.” I hope it’s time.”
Economic Democracy 21 Co-CEO Kim Gyeong-yul as a speaker said, “The Korea Development Bank was unable to manage the crisis as a major shareholder of the same industry, such as changes in the situation of the client due to the prolonged trend of falling international oil prices, and the increase in the volume of offshore plant work, and then sold it to the chaebol. “It’s irresponsible to escape.”
CEO Kim analyzed that “Daewoo Shipbuilding is not in an urgent crisis situation when examining the financial position and market share of Daewoo Shipbuilding in recent years, and it shows stable production capacity and utilization rate compared to the same industry.”
“The large-scale operating loss of Daewoo Shipbuilding was due to the responsibilities and poor management of the entire management,” said Kim Chul, a researcher for social and public affairs. I did” he pointed out.
Lee Seung-cheol, executive chairman of the Social Transformation Workers Party, suggested, “It is necessary to transform into a public governance structure in which the state is responsible for leading the shipbuilding industry, including large and medium-sized shipyards and subcontractors.”
The discussion included Kim Tae-jeong, policy director of the metals union, Shin Tae-ho, senior vice chairman of the Daewoo Shipbuilding Branch, and Kim Yong-un, co-director of the Geoje Citizens’ Countermeasure Committee to revive the local economy against unfair sale.
They discussed the industrial ecosystem problems and countermeasures arising from the acquisition of Daewoo Shipbuilding, the management situation of Daewoo Shipbuilding, which belongs to the KDB’s governance system, and the impact of the sale on the Geoje economy.
Korea Development Bank, a state-owned bank and Daewoo Shipbuilding’s largest shareholder, announced in January 2019 that it would hand over Daewoo Shipbuilding to its competitor, Hyundai Heavy Industries, through an in-kind investment.
The Daewoo Shipbuilding labor union and the residents of Geoje area have been working against the sale for the second year.
Recently, 100,000 out of 240,000 citizens of Geoje participated in the campaign against the sale.
The sale process has been delayed due to the delay in the domestic and international business combination review.
/yunhap news