Ourhome Reports First Loss Since Establishment Last Year... Owner Family Receives 76 Billion KRW in Dividends
[Asia Economy Reporter Lim Chun-han] It has been revealed that when Ourhome posted a loss for the first time since its founding last year, the owner family received over 76 billion won in dividends.
According to the Financial Supervisory Service's electronic disclosure system on the 16th, Ourhome's consolidated sales last year amounted to 1.6253 trillion won, a 13.5% decrease from the previous year. Operating loss turned to a deficit of 9.3 billion won compared to an operating profit of 71.5 billion won the previous year, and net loss also turned to a deficit of 4.9 billion won compared to a net profit of 48 billion won the previous year. This was due to the impact of the COVID-19 pandemic on group meal services and other businesses.
This is the first time Ourhome has recorded a loss since it separated from LG Group in 2000. Despite this situation, Ourhome paid approximately 77.6 billion won in dividends to shareholders last year. The shareholders are the four children of former Ourhome chairman Koo Ja-hak, who recently engaged in a management rights dispute, holding 98.11% of the shares. The remaining 1.89% is held by others.
The four shareholders who effectively received the dividends are newly appointed CEO Koo Ji-eun (20.67%) at the recent shareholders' meeting and board of directors, her older sisters Koo Mi-hyun (19.28%) and Koo Myung-jin (19.60%), and former CEO Koo Bon-sung (38.56%), who was dismissed by CEO Koo Ji-eun.
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The dividend per share was 3,400 won, with CEO Koo Ji-eun receiving 16 billion won in dividends. Koo Mi-hyun received about 15 billion won, Koo Myung-jin 15.2 billion won, and former CEO Koo Bon-sung 29.9 billion won. Considering that the total dividends were 45.6 billion won when operating profit was 71.5 billion won and net profit was 48 billion won in 2019, there are criticisms that last year's dividends were excessive.
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