Sogongyeon, Chairman Bae Dong-wook Dismissed... "Immediate Suspension of Duties"
Bae Dong-wook, Chairman of the Korea Federation of Small and Medium Business, is leaving the press room after holding a press conference to clarify the 'Dance Party Workshop' at the Korea Federation of SMEs in Yeouido, Yeongdeungpo-gu, Seoul on July 14. Photo by Yonhap News
View original image[Asia Economy Reporter Moon Hyewon] Bae Dong-wook, chairman of the Korea Federation of Small and Medium Business (hereinafter referred to as KFSB), who sparked controversy over the so-called 'dance and drinking workshop,' has finally been dismissed.
The KFSB Emergency Measures Committee held an extraordinary general meeting on the 15th at the S Convention in Gangnam-gu, Seoul, and passed a motion to dismiss Chairman Bae.
At the extraordinary general meeting, 25 out of 49 heads of organizations affiliated with KFSB with voting rights (24 in person and 1 by proxy) attended, and the impeachment of Chairman Bae was decided unanimously by those present.
According to Article 27 of the KFSB bylaws, the dismissal of an executive is resolved at a general meeting, and the quorum for resolution requires the attendance of more than half of the full members with voting rights and a majority vote of those present to approve the dismissal.
Thus, Chairman Bae stepped down about five months after taking office on April 23.
Until the election of a new chairman in February next year, Senior Vice Chairman Kim Im-yong will act as the interim chairman.
A KFSB official stated, "Chairman Bae's duties will be suspended immediately."
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Earlier, at the end of June, Chairman Bae caused controversy by inviting a girl group to the 'National Regional Organizations and Industry Groups Education and Policy Workshop' held in Pyeongchang, Gangwon Province, where they drank alcohol and performed provocative dances. This was criticized as inappropriate amid the COVID-19 crisis, which has caused great difficulties for small business owners. Subsequently, he has been under investigation by the prosecution on charges including violation of subsidy management laws, the Labor Standards Act, the Trade Union Act, forgery of official documents, and obstruction of business, amid allegations of family favoritism and embezzlement of government subsidies.
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