PHC Confirms Indictment for Former Internal Director's 54.2 Billion KRW Breach of Trust
[Asia Economy Reporter Kim Young-won] PHC confirmed on the 1st through a public disclosure that it has filed a lawsuit accusing former inside director Kim Mo of breach of trust involving 54.2 billion KRW.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051914165468840_1779167814.png)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "I'll Stop by Starbucks Tomorrow": People Power Chungbuk Committee and Geoje Mayoral Candidate Face Criticism for Alleged 5·18 Demeaning Remarks
- "Hancom Breaks Away from Its 36-Year Mission and Formula for Success" (Comprehensive)
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
According to the details of the indictment, Kim Mo is accused of causing property damage worth approximately 18.2 billion KRW to the company by purchasing certain stocks held by the company's related parties at an inflated price. He is also accused of causing the company a loss of about 36 billion KRW by exercising a convertible bond call option, reissuing at a low price, thereby enabling certain individuals to gain financial benefits. The company stated that it will respond according to proper legal procedures regarding this matter.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
