▶ [Exclusive] Chun Doo-hwan's son, corporate card 'Peng Pung'… Capture luxury life

<Anchory>

Gwangju, where it is raining, will reconnect after a while, and from now on, we will report on our exclusive coverage for the 5th and 18th anniversary. Even after 40 years, many people are sick and cry out because the people who made the mistake are not responsible and do not reflect on sincere apology. In 1997, the Supreme Court charged Chun Doo-hwan with the responsibility of Gwangju and imposed a fine of KRW 200.5 billion along with imprisonment. Afterwards, Mr. Jeon, who was pardoned, kept on paying the money, and when the pressure began with an all-out investigation in 2013, his eldest son, Jeon Jae-guk, came to the prosecution and said this.

[Mr. Jeon Jae-guk / Cho Doo-hwan, eldest son: All of our families will cooperate as far as possible to ensure that the authorities' return process is completed smoothly until the fines are paid… Once again, I bow down and apologize to the people on behalf of the whole family.]

As you all know, this promise is still not fulfilled. Jeon Jae-guk said that he would share his real estate with the book distributor, Book Plus, while submitting a voluntary payment plan. However, as a result of our coverage, it turns out that Mr. Jeon continued to use the company corporate card while still being the de facto representative of the company.

First, it is a report by Kang Cheong-wan.

<Reporter>

Book Plus is a book distribution company located in Paju, Gyeonggi-do.

As a mid-sized company with 388 billion won in sales last year, Jeon Doo-hwan, the eldest son, Jae-guk Jeon, decided to pay 51% of the company's stake in 2013 and lost his management.

However, Mr. Jeon also served as a non-executive director of the company afterwards and received salaries and used corporate cards.

SBS acquired and analyzed corporate card details written by Mr. Jeon for four years from December 2015. [Country of Residents] Among these, there were more than 600 cases of suspected unfair execution according to the National Tax Service standards, such as unrelated work or use in other countries, and the amount exceeded 100 million won.

By item, online payments, including overseas online shopping malls such as Amazon, accounted for the highest amount of KRW 41.8 million, and the amount of money spent at taverns was more than 23 million KRW, purchase of records, and use of 14 million KRW for golf course use. [The suspicion of luxury living with corporate cards in all countries] During the Chuseok holidays in 2016 and 2017, the amount spent in overseas hotels and local restaurants in Australia and Singapore was about 10 million won.

If you look at the details, you spent 3.3 million won at a time in the classic music store in Gangnam, and 6.3 million won over 10 times in another music store in Yongsan.

Famous interior specialty shops and antique furniture stores were also regular shops for Mr. Jeon.

[Antique furniture store staff: The most expensive one is now over 10 million won… (Did you live a lot here, too?) Uh ... I bought a lot. (Myself?) Yes, you can also come directly.] I

paid 620,000 won at a meal at a luxury Japanese restaurant in Gangnam, 720,000 won at a live cafe in Pyeongchang-dong, and 500,000 won at an Itaewon club.

In addition to restaurants in front of the house, restaurants and cards owned or related to the company used corporate cards.

[Gimhangyu lawyers /前Seoul Bar Association President: dadeunga used in bars, dadeunga used in inbound tourism, when used, regardless of the business for personal use and there is a precedent established that the Supreme Court that the penalty of business baeimjoe]

the use of corporate credit cards I went to Mr. Jeon Jae-guk to hear about Korea.

Mr. Jeon left the office without answering the interview questions.

[Mr. Hello. I'd like to ask you a word.]

Jeon said that he received external audits for the use of corporate cards in calls with SBS and paid taxes on millions of won in excess of the limit.

In addition, he claimed that the nature of the publishing industry is often used for holidays, and foreign payments are used during business trips.

However, it was reported that Mr. Jeon did not submit any vocational data related to the use of corporate cards to the accounting firm responsible for external audits.

(Video coverage: Jang Un-suk · Hong Jong-soo, video editing: Jun-hee Kim, CG: Park Chun-woong)    

---
▶ [Exclusive] Jeon Jae-guk, the company's 51% stake in the 'domestic right'… Tips and tricks sseotna

<anchor>

Mr. jeonjaeguk as was seen earlier that had given up more than half the company's shares while seven years ago, my father gets surcharge. However, even after more than half, Jeon continued to retain the company's dominance and even returned to his position last year.

Reporter Im Chan-jong continues to report how this was possible.

<Reporter>

Jeon Jae-guk traced the whereabouts of a 51% stake in Book Plus, a privately held company that he offered for paying fines in 2013.

The 204,000 shares of Book Plus, which account for 51% of the shares, were inspected 10 times, and only in May last year were sold to Mr. A for 650 million won through public auction.

However, Mr. Jeon Jae-guk returned to the position of CEO after six months in November, six months after his 51% stake was passed to Mr. A. The company's dominance remained in effect even after the share was passed. [Book Plus] This is because the number of shares owned by Jeon Jae-guk increased in July last year, just after Mr. A acquired 51% of the stake.

At that time, Book Plus promoted a paid-in capital increase by allocating new shares to the shareholders who invested 2 billion won from shareholders and then issued additional shares. Is to increase the number of shares held. [Book Plus] [A / Book Plus' new largest shareholder: (Company) The capital was 2 billion, but it seemed very strange to increase the same amount (paid). I thought (from the beginning) that no one other than Jeon Jae-guk would participate (in the capital increase).

Mr. A explained that Jeon Jae-guk joined the friendship and secured more than 50% stake again.

The question is whether Jeon Jae-guk's side mobilized tricks to maintain control of the company.

[Kyung-Yul Kim / Certified Public Accountant (CEO of Economic Democracy 21): What happened as a result of this increase in capital, in the end, Mr. Jeon Jeok-guk had so-called management rights, and there was a dangerous moment to lose management rights. In

this regard, the book plus said that they faced a bankruptcy crisis at the time and needed a paid-in capital increase to raise funds, and Mr. A refused to participate in the paid-in capital increase, and only Mr. Jeon was legally involved.

He also insisted that Mr. Jeon Jae-guk returned to the CEO since he needed an official position to guarantee the company's debt.

(Video coverage: Senior style, Taehoon Kim, Video editing: Jinhoon Park)