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company called Frixar is a place that makes stable profits, but our'Sell to the End' team reported on why Hankook Tire sold such a company and why.

After the sale was made, I followed the movement of those companies, and several suspicious spots were spotted.



Even after selling the company, these deals are suspicious that they actually dominate, and this was covered by reporter Do-gyun Kim.



<Reporter>



Fricksa, a brake pad manufacturer sold by Hankook Tire, is an excellent small and medium-sized business with outstanding growth potential to be selected as a'Global Small Giant' by the government this year.



[Kim Jeong-cheol/Attorney: Hankook Tire-related, continuous transaction is confirmed.

If you look at the amount sold, it appears that it was sold at a low price...

.]



Five years have passed since it was sold to RBK, but the relationship between Prix and Hankook Tire is still strong.




Over 95% of domestic sales are directed at Hankook Tire, and the website introduces Hankook Tire and its family companies.



The same is true of Hankook Tire and RBK's relationship.



In 2017, Hankook Tire's president, Cho Hyun-beom, bought another auto parts manufacturer, Y.



President Cho is the largest shareholder with 76.5% ownership, and RBK is the second largest shareholder.



RBK also bought a 17.6% stake in the company that President Cho bought.



Financial transactions between Hankook Tire and RBK will also continue.



Hankook Tire sold Fricksa to Alb-K and lent 4 billion won to Al-B-K.



Hankook Tire receives 7% annual interest in return and secures 100% of the shares of RBK and their Pricksa shares.



This is not all.



Another Hankook Tire subsidiary also lends 1 billion won to RBK.



With this 1 billion won collateral, RBK provides some of the shares of Company Y, which was invested with President Cho.



In the end, Hankook Tire receives 6.5 billion won, sells Frix to Alb-K, and lends 5 billion won to Al-B-K, taking the stocks of Frix and Alb-K as collateral and receiving interest every year.



This is the reason why there are suspicions that CEO Hyun-beom Cho is actually controlling the company even after selling Frix.



[Kim Kyung-ryul/Accountant:'If it looks like a transaction, that's a fake transaction.

It wasn't actually a sale.'

Isn't this the order that



RBK

Holdings should prove that we can fully estimate and rather disprove it,'This is not a fake transaction,']

(Video coverage: Hong Jong-soo, video editing: Park Jin-hoon, VJ: Kim Jun-hoo , CG: Yeojung Lee·Jaeeun Sung)