<Anchor> The



so-called 'destruction' controversy has had an impact on our stock market today (10th). The stock prices of Shinsegae Group companies, where Vice Chairman Jung Yong-jin, who first brought up the word, fell sharply.



This content will be delivered by reporter Im Tae-woo.



<Reporter>



Shinsegae stock, which once fell over 8% in the stock market, ended up falling 6.8%.



Shinsegae International, an affiliate of the company, also plummeted by more than 5%, reducing the market cap of the two companies by more than 200 billion won in one day.



Shinsegae and Shinsegae International are running duty-free shops and cosmetics business in China with Vice Chairman Chung Yong-jin's younger brother and Vice Chairman Jeong Yu-kyung as the de facto major shareholder.



However, it is analyzed that an article posted on the Internet by Vice Chairman Chung Yong-jin with the words 'Destroyed' to an article containing a picture of President Xi Jinping was recently accepted as a risk factor in the Chinese market.



It is quite different from the slight rise in the stock price of E-Mart, which has been focusing on domestic consumption since it closed its Chinese business five years ago.



Negative opinions on cosmetics and duty-free shops themselves also acted as a negative factor.



[Security company official: (Duty-free shop, cosmetics industry) Because the issue of declining sales has come to the fore, all related stocks plummeted today… .]



Vice Chairman Chung deleted the post in question, explaining that it was written about North Korea again this afternoon, and began to evolve.



[Shinsegae Group official: The Chinese market continues to be closely watched to the extent that it is a bit of a wait-and-see situation.]



Amidst the debate among shareholders as to whether it is freedom of expression or inappropriate behavior as a manager over the remarks of Vice Chairman Chung Controversy is not expected to subside easily as even influential media in Hong Kong began to report on Vice Chairman Chung's annihilation.



(Video coverage: Park Jin-ho, Video editing: Park Jin-hoon)