Underwear company founded by Joo Byung-jin, “Good People” what happened?

‘Good People’, a underwear company established by broadcaster Joo Byeong-jin, is in danger of delisting.

According to the financial investment industry on the 24th, good people announced on the 22nd that they had been notified of their audit opinion on the 2020 business report. According to the listing regulations on the KOSDAQ market, refusal of audit opinion is subject to delisting. Accordingly, the Korea Exchange announced that the delisting procedure will proceed if there is no objection within 12 days of stopping good people’s stock trading.

The good people founded by Joo Byeong-jin in 1993 were listed on the KOSDAQ market in November 1997. It quickly entered the underwear market under the banner of `underwear like outerwear and fashion of underwear`. In the existing white goods-oriented underwear market, a new category called’fashion underwear’ was created, and by transforming the wholesale and retail general sales distribution market into a franchise specialty store, it brought a drastic change in the distribution system of the domestic underwear market. In his own underwear, he appeared in advertisements and became a hot topic.

In particular, it has a factory in the Kaesong Industrial Complex in North Korea, so it has been classified as a “inter-Korean economic cooperation stock.

However, after the change of hands, he suffered from various narrations. In the beginning of last year, a conflict over management rights arose, and the company’s labor union also raised the rumors of a connection with Lime Asset Management, the ancient financial fraud case.

Meanwhile, the Korea Exchange is planning to proceed with the delisting procedure after an objection to the rejection of the audit opinion.

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