Kwon Hong-sa, Chairman of Bando Construction, "Cho Won-tae, Malicious Editing of Conversation Content"

[Asia Economy Reporter Donghyun Choi] Bando Construction rebutted media reports claiming that Chairman Kwon Hong-sa of Bando Construction met with Chairman Cho Won-tae of Hanjin Group and demanded an honorary chairman position, calling them "maliciously edited."

On the 16th, Bando Construction stated in a rebuttal that "Chairman Kwon met with Chairman Cho several times last year after the sudden passing of the late Chairman Cho Yang-ho, at Cho's request for help," adding, "These meetings were intended to comfort and encourage Chairman Cho, who was grieving the sudden loss of his father." Bando Construction further claimed, "Chairman Cho Won-tae first made several requests for assistance, and Chairman Kwon's responses were secretly recorded and maliciously edited to be exploited in media articles."

On the same day, a media outlet reported that Chairman Kwon met twice with the major shareholder of Hanjin Group in August and December last year, demanding to be appointed honorary chairman of Hanjin Group, the appointment of Bando Construction's nominees as registered directors and joint auditors of Hanjin Kal, and the development of major domestic and overseas real estate owned by Hanjin Group.

Regarding this, Bando Construction emphasized, "The investment in Hanjin Kal made last year was purely for investment purposes," and "At the time of meeting Chairman Cho, the shareholding ratio was only 2-3%, so demands for management participation such as requesting an honorary chairman position are unreasonable."

Bando Construction also mentioned that Chairman Kwon was speechless due to a sense of betrayal. Chairman Kwon said, "I want to ask whether it is appropriate for the head of a large corporation to secretly record conversations after requesting a meeting for help and then maliciously use them."

The Hanjin Kal three-party shareholder alliance also criticized Chairman Cho. The shareholder alliance stated, "Chairman Cho is a person who did not hesitate to commit the criminal act of falsifying academic credentials, so we can only think that he is capable of such unreasonable behavior."

This content was produced with the assistance of AI translation services.