Suncheon City Council Not Trying to Hamper Suncheonman Garden Market Co., Ltd... Calls for Communication

Kim Mi-yeon, Chair of the Urban Construction Committee, Positive on Private Consignment for Suncheonman Garden Market
Issues Raised on Articles of Incorporation and Executive Recommendations Ahead of Suncheonman Garden Market Co., Ltd. Founding General

[Suncheon=Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] It has been reported that Suncheonman Garden Market Co., Ltd. is causing friction with the Suncheon City Council due to opaque administration and lack of communication ahead of its inaugural general meeting, the launch ceremony.

On the 14th, Kim Mi-yeon, Chairperson of the Urban Construction Committee of the Suncheon City Council, stated, “The Suncheon City department in charge is keeping the articles of incorporation of Suncheonman Garden Market Co., Ltd., the list of executive candidates, and the composition of the executive recommendation committee secret from the City Council.”

It is an incomprehensible point that the city keeps the articles of incorporation or executive candidates of a corporation funded by Suncheon City secret even from the City Council, and there are criticisms that the department in charge is showing poor communication administration.

Suncheonman Garden Market Co., Ltd., an agricultural corporation holding its inaugural general meeting tomorrow around 4 p.m. at Wooseok Hall, Suncheon National University, is established with a capital of 2,010 million KRW, consisting of 1 billion KRW invested by Suncheon City and 1,001 million KRW raised from private shareholders.

Suncheonman Garden Market Co., Ltd. plans to finalize the articles of incorporation and appoint executives at tomorrow’s inaugural general meeting.

Shareholder A said, “There seem to be many problems with the articles of incorporation, and it should not proceed without a separate opinion-gathering process,” adding, “The maximum shares for individuals are set at 1,000 shares and for corporations at 10,000 shares, which is 1,000 times more than the 10 shares for citizen shareholders, and this is unacceptable.”

There were many criticisms regarding the election of executives as well.

The majority of executive candidates are people who produce garden trees or are landscaping service providers who have supplied garden trees to Suncheon City or have been entrusted with various service projects so far.

While there is an advantage in their expertise, there is concern that they might be given preferential work or act as a bridge providing privileged information.

There was also an opinion on whether electing executive candidates before shareholders are even determined is procedurally appropriate.

Criticism was raised that there are not many people among the executive candidates who can convey citizens’ opinions or represent small business owners, suggesting the need to increase the number of executives or amend the articles of incorporation.

Suncheon City agreed to receive recommendations for the executive recommendation committee from the Suncheon City Council, but when the council delayed recommendations demanding coexistence measures with flower small business owners, Suncheon City reportedly pushed ahead with the executive election alone, causing dissatisfaction.

Councilor Kim Mi-yeon claimed, “The recommendation was delayed due to insufficient measures for small business owners,” while a city official said, “We explained and reached agreements several times, but the demands kept changing.”

Regarding this, Lee Young-ran, Chairperson of the Suncheon City Council’s Steering Committee, said, “Even if the executive recommendation committee could be formed and executives elected without receiving recommendations from the council, it would have been better to explain and seek understanding from the council.”

Meanwhile, even if Suncheonman Garden Market Co., Ltd. officially launches through the inaugural general meeting, it must obtain the City Council’s consent to operate Suncheonman Garden Market under consignment.

The city executive branch, which sent matters regarding the private consignment of Suncheonman Garden Market, expressed concern that if the City Council delays, there could be significant disruption to the operation schedule of Suncheonman Garden Market.

In response, Councilor Kim Mi-yeon said, “Since time is limited, if it is referred to the standing committee, I will try to organize it,” adding, “I hope only one or two worrisome points are clearly addressed,” implying there will be no obstruction.

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