Cyworld's fate, which is on the verge of closing due to management difficulties, is likely to diverge depending on the court's judgment on delinquent wages.

As CEO Chey Wan-wan of Cyworld revealed his willingness to regenerate until the end, it is expected that the trial situation will affect the position of the former representative.

According to the industry on the 23rd, the representatives of the Cyworld representatives are scheduled to deny overtime wages at the Seoul Eastern District Court on the 25th of this month.

The former CEO is known to have failed to give the employee wages worth 1 billion won due to management difficulties, and the sentence is expected to be expected by the middle of next month.

Former representatives of the company's strong willingness to rehabilitate the company predict that the court's judgment on unpaid wages will be an important momentum for future choices.

The former CEO was in search of investors for the operation of the service, and offered a month-by-month deadline saying he would voluntarily close if he could not find the investor.

In this situation, the court's judgment on delinquent wages can be an important variable in attracting investment, independent of the business prospects.

It is observed that if the trial proceeds in the direction of recognizing the responsibility of overpaying the wages of the former representative, Cyworld will go one step closer to closing.

In this case, the former representative may decide to close out of business and take legal procedures such as prior notification to the user and government reporting.

On the other hand, if the opposite situation develops, such as the fact that the former representative is not responsible for the delinquency of wages or is recognized to be small, there is a greater chance that investors will go out and there is also room for dramatic revival of Cyworld.

The government is poised to watch for changes in the situation after the trial on the 25th, in preparation for preventing user damage.

It is based on the judgment that it is important to see whether all the representatives are willing to do business even after the trial, as there is no action the government can take unless the business operator expresses his willingness to leave the company.

In the event that the former representative formulates the closing policy, we plan to proceed with the related procedures in consultation with the former representative so that there is no user damage.

An official from the Ministry of Science and ICT said, "The important thing is the idea of ​​the former representative, and the former representative asked me to watch it until the trial on the 25th."

An official of the Korea Communications Commission said, "We will make it possible to back up information so that there is no damage to the users."

(Photo = Yonhap News)