SSangbangwool Co., Ltd. announced on the 21st that former Chairman Kim Sung-tae had fully repaid the damages amounting to 325.95 million KRW recognized in his first trial conviction.
According to SSangbangwool, Kim acknowledged his moral responsibility for the incident and plans to submit a petition for leniency to the appellate court.
In July 2023, SSangbangwool's stock trading was suspended after the prosecution confirmed allegations of embezzlement and breach of trust involving Kim.
Furthermore, the company stated that Kim was convicted in the first trial at Suwon District Court in July last year and that the full amount of damages was reimbursed on the 17th.
Kim expressed, “I deeply apologize to the employees who suffered due to my poor judgment. As a former executive, I feel a heavy moral responsibility for the stock trading suspension.”
It was reported that SSangbangwool employees submitted a petition to the court requesting an opportunity for Kim to reflect on his past mistakes and demonstrate accountability.
Lee Hyung-seok, CEO of SSangbangwool, said, “Through amicable agreement with the former chairman, we have achieved compensation for the damages. Going forward, we will strengthen our internal monitoring system to transform into a nationally respected company that adheres to laws and ethics.”
출처 : 산경투데이 https://www.sankyungtoday.com
https://www.sankyungtoday.com/news/articleView.html?idxno=50295
SSangbangwool, Former Chairman Kim Sung-tae Fully Repays Damages, Expresses Moral Responsibility
SSangbangwool Co., Ltd. announced on the 21st that former Chairman Kim Sung-tae had fully repaid the damages amounting to 325.95 million KRW recognized in his
www.sankyungtoday.com
