Ourhome Faces Another Family Feud... Former Vice Chairman Koo Bon-sung Sues Vice Chairman Koo Ji-eun

"Received Large Compensation Causing Company Loss... Breach of Duty"
Former Vice Chairman Koo's Management Conflict After 2021 Dismissal

Former Vice Chairman Koo Bon-sung, the largest shareholder of Ourhome, has filed a complaint against his younger sister, Vice Chairman (CEO) Koo Ji-eun, and Inside Director Koo Myung-jin on charges of breach of fiduciary duty.

Former Ourhome Vice Chairman Koo Bon-sung (left) and Vice Chairman Koo Ji-eun

Former Vice Chairman Koo stated on the 8th, "I filed a complaint for breach of fiduciary duty because CEO Koo Ji-eun and Inside Director Koo Myung-jin knowingly approved an illegal resolution on the limit of director remuneration at the 2023 Ourhome shareholders' meeting and received a large amount of director remuneration, causing damage to the company."

In a stock company, director remuneration must be determined by a resolution of the shareholders' meeting, and directors who are also shareholders with a special interest cannot exercise voting rights in this matter.

Former Vice Chairman Koo's side pointed out, "At the 2023 shareholders' meeting, it was noted on site that shareholders with a special interest were restricted from exercising voting rights, but CEO Koo Ji-eun ignored this and passed the agenda to set the director remuneration limit at 15 billion KRW without any voting restrictions."

Ourhome is a company where the founder, the late Chairman Koo Ja-hak, and his one son and three daughters hold more than 98% of the total shares.

The largest shareholder is the eldest son, former Vice Chairman Koo, holding 38.6% of the shares, while Vice Chairman Koo Ji-eun and her two sisters, Mi-hyun and Myung-jin, collectively hold 59.6% of the shares.

Former Vice Chairman Koo was dismissed in June 2021 after losing a management rights battle with his three younger sisters but has continued to have conflicts over management rights since then.

At the 2023 shareholders' meeting, controversy arose when former Vice Chairman Koo demanded a dividend of 296.6 billion KRW, which is more than ten times the company's annual net profit.

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