Our'Panda to the End' team reported on the suspicious transaction of the third generation of chaebol yesterday (2nd).
I was suspicious that Hankook Tire's third-year-old President Cho Hyun-beom sold a company called Prixa, which is a real subsidiary, to a company called Albique, which is actually a paper-based company, for any other purpose.
So our reporters kept tracking the flow of money surrounding a company called Albique, and another businessman appeared.
Rak-bum Lee, who became the chairman of a KOSDAQ listed company at the age of 30, is the former Chairman of the Hallyu Times, and the suspicious deal continues here.
Reporter Do-gyun Kim and Ji-yoon Kwon will deliver.
<Reporter Do-gyun Kim>
The new company that the reporters following the RBK fund flow discovered is the'Hallyu Times', which owned the sports newspaper.
It is the KOSDAQ listed company of Rak-bum Lee, a young businessman who became chairman in his 30s.
In 2018, 3 years after RBK bought Frix from Hankook Tire, the Hallyu Times began to acquire Frix.
And, in the name of a performance deposit, that is, down payment, 3.5 billion won is paid to RBK.
[Kim Jeong-cheol/Attorney: If you think that the performance deposit (of such a transaction) is usually 10%, it is estimated to be around 35 billion won right now?
The transaction amount.]
Compared to when Hankook Tire sold it for 6.5 billion won, it is said that the value of Frix has increased by about 5 times in 3 years. Do it.
[Kim Jeong-cheol/Attorney: I pretend I'm going to do business, so I give the performance deposit first, and I just have to take the performance deposit, saying,'Oh, I couldn't buy it because of some circumstances.'
Then, it looks like it's giving it fine on the contract.]
RBK presented a related confirmation saying that it returned a performance deposit of 3.5 billion won.
However, this confirmation does not indicate when, to whom or how it was returned.
The new management of the Hallyu Times even made a public announcement saying that it did not receive 3.5 billion won back.
RBK allegedly accused former chairman Lee Rak-beom of suspicious of personal embezzlement by former Hallyu Times chairman.
<Reporter Jiyoon Kwon>
There is another situation that shows the close relationship between
and the Korean Wave Times.
Company N, a used car trading company established in 2014 with a capital of 900 million won.
RBK and Hallyu Times acquired Company N in 2016 and 2017.
RBK secures a 50.1% stake in N Company and 49.9% of the Korean Wave Times, each with Frix Inc. for 2.9 billion won.
And the Hallyu Times lends 1.4 billion won to Company N.
However, within two years of investment, the Hallyu Times announced that'the company N has no business performance'. Eventually, the entire amount of KRW 2.9 billion spent on buying shares of company N is treated as a loss, that is, shares of company N are evaluated as a piece of waste.
In addition, 1.4 billion won of loans are also classified as receivables that cannot be returned.
It was evaluated as having lost the investment.
[Kim Kyung-ryul/Accountant: (Investment) It means that the damage is dealt with in a year or so.
'According to impairment losses, accounting for loans' means that the company must be destroyed.
The word'broken' means that the money was lost.]
Suspicion is raised that it was intentionally invested in an insolvent company and tried to steal the money.
[Kim Jeong-cheol/Attorney: I can't just withdraw money while running a listed company.
What you take by taking this out is to take over a non-listed company.
companies have no
fixed value, so you can buy them at a very high price.]
RBK denied the connection with the Hallyu Times, saying, "It was an investment based on management judgment and not a joint investment."
However, there are other traces of the close relationship between the two companies.
President Kim Young-jip, who was in charge of RBK's director, was a director of the Hallyu Times from April to September 2017, and former Hallyu Times chairman Rak-bum Lee lent 2.95 billion won to RBK and received 4% interest annually.
In summary, it is a structure in which the interests of Hankook Tire President Cho Hyun-beom, Kim Young-jip, and former Chairman Rak-beom Lee are intertwined, centering on the paper company'RBK'.
After giving 3.5 billion won to RBK to take over Prix, I went to former chairman Rak-beom Lee to ask why he gave up the acquisition, but I couldn't hear the answer.
Former chairman Lee is known to be overseas.
(Video coverage: Bae Munsan·Gong Jingu, video editing: Park Jin-hoon, VJ: Kim Jun-ho, CG: Lee Ye-jeong·Seong Jae-eun, screen source: YouTube)
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