[ad_1]
In the SBS scouting report, the ‘Panda to the End’ team covered the suspicious transaction of the third generation of chaebol. This is the story of the two people, former President Lee Myung-bak’s son-in-law, President Cho Hyun-beom, the third generation of Hankook Tire, and President Kim Young-jip, the third generation of Korean ceramics. In 2015, Hankook Tire sold a subsidiary called Prix to a company called Albicke, which was owned by the family of President Kim Young-jip. This company manufactures brake pads and is a company that does most of its domestic sales to Hankook Tire. On the other hand, RBK, which Frix bought, was a de facto paper company less than a year ago. Both companies say it was a legitimate deal, but the question remains why Hankook Tire sold a real company with stable profits.
Not only this, there is one more suspicion. After President Hyun-beom Cho sold Fricksa to Albi-K, for some reason, he loaned money to Al-BK and put a mortgage on it. In other words, President Cho Hyun-beom’s side is still influencing the company even after selling its actual affiliates elsewhere. From now on, let’s take a look at who has been hurt and who has benefited from this seemingly complicated transaction.
First is Kwon Ji-yoon.
<기자>
It is Hankook Tire’s unlisted subsidiary, Frix, which has made auto parts like brake pads.
At the end of 2014, Frix’s sales were KRW 15.3 billion and net income was KRW 8 billion.
Almost 100% of domestic sales come from the Hankook Tire delivery.
However, in 2015, Hankook Tire sold Frick to RBK Holdings, a consulting company, for 6.5 billion won.
[김필수/대림대 자동차학 교수 : 프릭사 자체는 브랜드 이미지도 좋고 품질도 고급화 되면서 한국타이어에 시너지 효과를 내고 있는 분야입니다. 그럼에도 불구하고 따로 떼어서 매각한다는 부분들은 시너지를 버리는 부분들도 있고요.]
Reporters asked the two companies about the reason for the transaction several times, but Hankook Tire and RBK only revealed that it was a “fair price transaction carried out in accordance with legal procedure.”
There were no detailed explanations on the reasons and motives for the transaction.
I went to the management to find out what kind of company RBK acquired Frixa.
You cannot find the RBK sign anywhere inside or outside the building.
Instead, there is only the Prix branch in Seoul.
[프릭사 관계자 : (알비케이홀딩스 어디 있는 거예요?) 여기 사무실을 같이 써요.]It is a company with an address but no office, the so-called Paper Company.
An RBK official admitted that it was a paper company and said it was a company created for its acquisition.
RBK was established in June 2014 with a capital of 100 million won, just 10 months before Hankook Tire acquired Fricksa.
However, reporters found a household name on RBK’s directors list.
Young-jip Kim, the third generation of Korean ceramics, is the former president of Prix.
Former President Lee Myung-bak’s son-in-law, President Cho Hyun-beom and President Kim Young-jib, were investigated by the prosecution in 2008 for violating the Stock Exchange Law.
Seven years later, in 2015, the two met again, focusing on Albi-K.
Regarding RBK’s corporate registration, the CEO was Mr. Lee, the wife of President Kim Young-jip, and President Kim’s father was a director and his mother was a thank you.
In fact, it is a family business and almost all the shares belong to the Kim family.
Hankook Tire’s sales of more than 10 billion won per year have been transferred to President Kim Young-jip’s family business, and Hankook Tire and RBK maintain a close relationship even after buying and selling Freak.
(Video coverage: Bae Moonsan Gong Jingu, video editing: Park Jin-hoon, CG: Hong Sung-yong Choi Jae-young)
▶ [끝까지판다②] ‘Sticky’ after the plate … Who is RBK?
▶ [끝까지판다③] “Less vigilance from the authorities, it is possible to promote the work”
