"Sibling Rivalry" Ourhome Refutes Former Vice Chairman Koo Bon-sung's Lawsuit: "Not True"

Statement on the 9th: "The complaint has not even been officially filed"
Former Vice Chairman Koo and CEO Koo Ji-eun accused of breach of trust

Ourhome has denied the allegations made by former Vice Chairman Gu Bon-seong, who filed a lawsuit against his younger sister, Vice Chairman (CEO) Gu Ji-eun, and internal director Gu Myung-jin on charges of breach of duty, stating that "the contents related to the lawsuit are not true."

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

On the 9th, Ourhome stated in a press release, "A complaint has not even been officially received by the company, yet a press release was distributed," and added, "As the trial regarding Gu's embezzlement and breach of duty charges continues, it is interpreted that the lawsuit and press release distribution are measures taken accordingly."

The former Vice Chairman Gu's side released a statement the previous day claiming, "At the 2023 shareholders' meeting, it was pointed out on-site that shareholders with conflicts of interest had restricted voting rights, but CEO Gu Ji-eun ignored this and passed a resolution to set the director's remuneration limit at 15 billion KRW without restricting voting rights."

In response, Ourhome rebutted, "Since the company's founding, resolutions to set the total remuneration limit for all directors have been made on the basis that directors who are shareholders are not considered special interested parties," adding, "This was also applied during former Vice Chairman Gu's tenure."

They continued, "The reason former Vice Chairman Gu was sued by the company regarding director remuneration was because he received remuneration exceeding the director remuneration limit," emphasizing, "The current management has not exceeded either the total remuneration limit or the individual remuneration limits set by the board regulations."

Ourhome is a company where the late founder, Chairman Gu Ja-hak's one son and three daughters hold more than 98% of the total shares. The largest shareholder is the eldest son, former Vice Chairman Gu, holding 38.6% of the shares, while Vice Chairman Gu Ji-eun and her two sisters, Mi-hyun and Myung-jin, collectively hold 59.6% of the shares.

Former Vice Chairman Gu 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.

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