Gu Ji-eun, Vice Chairman of Ourhome, Fails to Defend Management Rights... Leaves Board of Directors (2nd Report)

Appointment of Son of Former Vice Chairman Koo Bon-sung as New Inside Director
Eldest Son and Daughter Alliance Gains 'Victory' in Management Rights Dispute

Gu Jae-mo, the son of former Vice Chairman Gu Bon-seong, was appointed as a new inside director of Ourhome, a catering company embroiled in a management dispute known as the so-called 'Sibling War.' The proposal for the acquisition of treasury shares, put forward by Vice Chairman Gu Ji-eun to defend management rights, was rejected at the general meeting of shareholders. Vice Chairman Gu, whose reappointment as an inside director failed, will leave the board of directors when his term expires on the 3rd of next month.

Goo Bon-seong, former Ourhome (left), and Goo Ji-eun, Vice Chairman of Ourhome

At the extraordinary general meeting of shareholders held on the morning of the 31st, Ourhome passed the proposal to appoint Gu Jae-mo as an inside director, which was submitted by the faction of former Vice Chairman Gu. Previously, at the general meeting held last month, Gu Mi-hyun and her husband Lee Young-yeol were appointed as inside directors, making a total of three inside directors at Ourhome. According to the Commercial Act, companies with capital of more than 1 billion KRW must have at least three inside directors, and with Gu Jae-mo's appointment as a new inside director, Ourhome now complies with this regulation.

However, the proposal to appoint Hwang Kwang-il, former head of the Nanjing branch in China, as an inside director, and to appoint Gu Bon-seong himself as a non-executive director, both submitted by the faction of former Vice Chairman Gu, were rejected at the general meeting. The reappointment of current inside directors, including Vice Chairman Gu Ji-eun, was not put forward at this meeting.

Ourhome is owned by the late Chairman Gu Ja-hak's one son and three daughters, who hold more than 98% of the shares. Their respective shareholdings are as follows: the eldest son, former Vice Chairman Gu, 38.56%; eldest daughter Gu Mi-hyun, 19.28%; second daughter Gu Myung-jin, 19.60%; and youngest daughter Vice Chairman Gu Ji-eun, 20.67%.

During the 'Sibling War' in 2021, Gu Mi-hyun sided with her youngest sibling but later opposed her brother over issues such as shareholder dividends. However, following last month's general meeting and this extraordinary general meeting, she has once again sided with her brother.

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