'Chairman Kim,' Who Dominated Like a King by Picking Promising Stocks... "When Cash Is Distributed, Employees Rush In"

SBS News reported that police investigations revealed a man known as Chairman Kim acted like a king or cult leader in front of employees seeking investment information and committed various illegal activities. Photo by SBS News.

[Asia Economy Reporter Kim Bong-ju] Amid investigations into the head of a company who has been providing investment advice on unlisted stocks worth around 200 billion won without financial regulatory approval, police investigations have revealed that a man known as 'Chairman Kim' acted like a king in front of employees and committed various illegal activities.

On the 17th, SBS reported that not only on Chairman Kim's birthday but also on Teacher's Day and Parents' Day, various events centered around him were held, and employees of the company revered him like a god as he selected promising stock items.

Furthermore, SBS released photos of Chairman Kim's birthday celebration from last year.

Photo by SBS News broadcast screen capture.

Chairman Kim is said to have effectively managed several companies under the guise of unlisted stock investment brokerage. These companies were illegal entities not registered with the Financial Services Commission, and they attracted investments by being introduced to unlisted companies through Chairman Kim.

At events, employees reported that Chairman Kim would throw cash around, and employees would rush to grab it like a game.

It is also known that some employees suffered unfair treatment and experienced humiliating situations. Female employees were reportedly forced to act cute for the chairman or provide full-body massages.

One former employee shared, "Just like being a cheerleader? We were often asked to go and act cute... If you were lying down, you had to give a full-body massage. They said it was to receive energy from the young ones..."

Photo by SBS News Broadcast Screen Capture.

Chairman Kim, who reigned like a king among company employees, also served as the head of a certain passport support group, and there is evidence that he enrolled employees in the group or mobilized them for events.

One former employee said regarding this, "'Healing with Representative OOO' and similar events seemed to be marketing tools aimed at making it easier to secure investments later."

Chairman Kim's side reportedly explained the employees' claims of harm by stating, "All events were conducted voluntarily by employees, and Chairman Kim only played the role of an advisor providing investment information, never giving direct orders or abusing employees."

The Police Agency's Major Crimes Investigation Division has forwarded Chairman Kim and others to the prosecution with charges including illegal investment brokerage and joint assault and intimidation against some employees.

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