The Seoul High Court ordered the former executives, including former STX Chairman Kang Deok-soo, to compensate 4.27 billion won in damages caused to STX Heavy Industries.
Following the first trial in November last year, it maintained the judgment that former Chairman Kang was responsible for compensation.
Kang was handed over to trial on charges of embezzling a total of 55.7 billion won from the company's company and unfairly providing about 288 billion won of funds from affiliates to private companies. .
The total amount of embezzlement and breach of trust that the Supreme Court found guilty of reached 91.05 billion won.
STX Heavy Industries filed a civil lawsuit in 2016, claiming that it suffered losses by having former Chairman Kang and others purchase STX E&C's bonds, which had no possibility of repayment, without collateral.
The court of first instance said, "The defendants claim that STX Heavy Industries has not suffered any actual loss due to the breach of trust, but it is reasonable to view that STX Heavy Industries suffered actual losses of 4.27 billion won immediately after the breach of trust." I judged.
Former Chairman Kang and others appealed against the ruling, but the court did not accept it.
Separately, former chairman Kang received a judgment to pay about 5.5 billion won to shareholders in a lawsuit filed by about 300 minority shareholders against STX Offshore & Shipbuilding and former STX Group Chairman Kang Duk-soo.
Former Chairman Kang, along with Samsung Electronics Vice Chairman Lee Jae-yong, Lotte Group Chairman Shin Dong-bin, and Dongkuk Steel Chairman Jang Se-joo, received amnesty for the first Liberation Day special amnesty under the Yoon Seok-yeol administration.
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At that time, Minister of Justice Han Dong-hoon explained that he was pardoning former STX Group Chairman Kang Duk-soo as a major business man in order to reconsider the dynamism and vitality of the economy.
He added, "We want to maximize the effect of overcoming the economic crisis by providing opportunities to participate in economic development again through carefully selected amnesty to major economic players who lead the country's sustainable growth engine through active technology investment and job creation." I did.
However, criticism has been raised that the Ministry of Justice's explanation is not correct regarding the amnesty of former Chairman Kang, who is unlikely to return to the management line and has not fully compensated for the damage.
Kim Deuk-eui, president of the Korea Financial Justice Coalition, said, "Since there was an illegal act in the process of dismantling and selling STX, I don't understand if there is any aspect that can contribute to economic development even if former Chairman Jang Duk-soo is pardoned."
He also added that "there was no compensation for the minority shareholders who shed tears of blood, and there was no compensation for the loss to the company."
The Ministry of Justice said that it could not give a separate explanation regarding the amnesty, and former Chairman Kang also said that there was no separate position.
(Photo = Yonhap News)