[9층시사국] Employees are starving, but the chairman eats the law… Herme* Goo* Warrr

Youtube link https://youtu.be/Ix8yYi3fZtc

Chairman Kim Yong-bin, who served as vice-captain of the Korean team at the Beijing Olympics,

Kim Yong-bin/ Vice-captain of the Beijing Winter Olympic Team
“I will speak as the president of the Korea Curling Association.”

In 2019, while taking over Daewoo Shipbuilding & Marine Engineering,
It has shown a wide range of moves across the business and sports worlds.

However, Chairman Kim Yong-bin’s company fell into serious financial difficulties.
Even the wages of the employees are in arrears.

Sejong Ham/ Daewoo Shipbuilding & Marine Engineering Union Chairman
“Employees keep falling behind for the second month, November, and December.”

The company says it is because the construction market is not good.

Daewoo Shipbuilding & Marine Engineering (Voice Modulation)
“Is the only place in South Korea to pay wages in arrears other than Daewoo Shipbuilding & Marine Engineering?”

However, Chairman Kim Yong-bin’s corporate card
I was buying expensive luxury goods.

■ Daewoo Shipbuilding & Marine Engineering’s deepening business difficulties… Employee wages and severance pay in arrears

An apartment complex in the metropolitan area with 600 households under construction.
The name ‘Daewoo Shipbuilding & Marine Engineering’ is written in large letters.

However, everywhere on the ground construction site
Another builder’s name is listed as a builder.

Construction site staff (voice change)
“Originally, if you take this off, everything is treated as a treat. I put all of this on. New.”

Originally, it was a business site in which Daewoo Shipbuilding & Marine Engineering held a 70% stake.

Construction site staff (voice change)
“I know you fell for the moon in October. I’m going to go somewhere else, and now I know that Daewoo here has let go.”

Frame work has also been suspended for a while, and the completion date has been delayed.

Construction site staff (voice change)
“(Originally) it was supposed to be completed in September, but now it keeps getting suspended, so it’s getting late now. So, I know that it is now completed in December.

Another home improvement project
Construction stopped altogether in August of last year.

Park Geon-ryang/ Partner company official
“All other sites are also stopped. All the former businessmen will receive hundreds of millions of won, right? They said they put foreclosure on other sites, even the head office.”

The damage caused by the suspension of construction is not the only one.

Head of the maintenance business association (voice change)
“The union members are now just dumb and cold-hearted.”

Corporate cards of employees working in the field were blocked from time to time.

All employees of Daewoo Shipbuilding & Marine Engineering & Construction A (Voice Modulation)
“For field workers, the head office has to pay for accommodations like this or food expenses like this, but even those things can’t be paid anymore, so they either get kicked out of the accommodation or pay for food with their own money.”

When the corporate card was blocked, I had no choice but to endure by paying private expenses.

All employees of Daewoo Shipbuilding & Marine Engineering & Construction A (Voice Modulation)
“I didn’t have money to pay for the courier service, and since corporate cards aren’t available at all now, even when sending mail, the employees send it at their own expense… ”

Employees are leaving the company one by one.

Former employee of Daewoo Shipbuilding & Marine Engineering & Construction B (Voice Modulation)
“About June of last year, we couldn’t pay for the materials and couldn’t get the rebars to the site, so it was stopped once, and people who couldn’t get it came and brought it back and now they say bad things to the staff at the site.”

I left the company, but I still haven’t received my severance pay.

Former employee of Daewoo Shipbuilding & Marine Engineering & Construction B (Voice Modulation)
“I have some severance pay left. 1300 or so? There are people who have been around for a long time and some are now in the billions.”

From last November, wages started to be delayed.

“People who have already been pushed back a lot have been behind the managing director for three months. Employees keep pushing back for the second month, November, and December.”

Employees say that the amount in arrears amounts to 3.4 billion won.
I can’t pay the 4 major insurance premiums, and my taxes are overdue.

“tax. that didn’t pay (Tax?) Then, all four major insurances are overdue. More than two months worth.”

Employees asked the court to initiate a ‘rehabilitation process’.

Sejong Ham/ Daewoo Shipbuilding & Marine Engineering Union Chairman
“We want the rehabilitation process to commence as soon as possible. In the meantime, the judge
Post some petitions.”

The management must be replaced through a rehabilitation application.
It is an argument that can normalize the company.

Acquired the company in January 2019
Chairman Kim Yong-bin and the current management are the problem.

“A company with a 50-year history was ruined in just three to four years. It’s a situation where incompetent management is destroying the company. It is still in progress.”

■ Corporate card in the name of the chairman Suspicious payment … Hundreds of thousands of won luxury goods

A luxury officetel in Cheongdam-dong, Seoul.

Realtors near you
“It was originally intended as an officetel, but it is an officetel where you can live.”

It is about 30 pyeong in size, and the monthly rent is about 5 million won.
Daewoo Shipbuilding & Marine Engineering Co., Ltd. borrowed in the name of the corporation,
A place where company executives used it as an office.

The building manager (voice change)
(Reporter: Are you currently living in room ***?) “Looks like someone who lived in the past.”
(Reporter: Is anyone out now?) “There is someone else. I came a few days before moving.”

There are many luxury stores nearby.
This is the details of using the corporate card in the name of Daewoo Shipbuilding & Marine Engineering Chairman Kim Yong-bin, obtained by the 9th floor vision bureau.
High-end department stores and luxury store visits are lined up.

On April 12 last year, corporate card payments will begin from noon.
At 11:09 am, 10.7 million won is paid at the Galleria Department Store.
20 minutes later, 1.94 million won,
Five minutes later, another 1.94 million won is paid.

Next, 790,000 won is calculated at a luxury golf store in Gangnam.

(Reporter: Is there anything you can recommend?”) “Would you like to try this padding?”
(Reporter: How much is this set?) “We are 80… ”
(Reporter: Is this 800,000 won?) “839,000 won”

Over 15 million won worth of luxury items bought in less than two hours.

If so, how much was the amount used for corporate cards under Chairman Kim’s name last year?
We spent about 210 million won for entertainment and about 120 million won for business promotion.

The company’s chairman, Kim Yong-bin,
I claim that it is not for personal use.

Daewoo Shipbuilding & Marine Engineering (Voice Modulation)
“Among the large construction companies, Daewoo Shipbuilding & Marine Engineering & Construction is not the only one who uses that much credit card and spends such expenses. Everyone has a lot. There are many facts”

(Reporter: How much did you spend here?) “This is a total of 11 million won”

Visit a luxury store in Cheongdam-dong 5 times
A total of 15 million won was used with corporate cards,
A dermatology clinic in Apgujeong paid close to 5 million won with a corporate card.
I visited a high-end hair salon where I paid 15 times.

(Reporter: This person cuts off 330,000 won worth of money 9 times… If you are a man who usually earns 330,000 won…?)
“You can also dye it. Anyway, we can do this price for men too, we”
“There was a time when I came on the 20th of January. last week… ”
(Reporter: Oh! Really?) “Yes”
(Reporter: Then you are a regular customer.) “Yes”

An entertainment district in Gangnam, Seoul.

(Reporter: I spent 2.9 million won here.)

The president’s corporate card
There was no time to rest, even on holidays or at night.

Building staff (voice change)
“It’s a room salon, room, room style. Even the ladies came.”

On the company side, Chairman Kim Yong-bin said,
He said he had never been to an entertainment bar.

Daewoo Shipbuilding & Marine Engineering (Voice Modulation)
“The family members were starving, but my father went out and wrote cards to the people around him and entertained them. However, since my father used a card and entertained me because he was trying to win a construction job, could you please accept it?”

■ Disparate labor-management claims… The court ruled in favor of the unions.

Announcer Hyeonjong Nam/ 9th Floor Current Events MC
“Looking at the current situation, the wages of the company’s employees are in arrears, but the chairman’s corporate card is still being used, and the employees are naturally dissatisfied, and the management is saying something like this, please understand”.

Gong Min-kyung/ 9th Floor Current Affairs Reporter
“Yes, that’s right. So, we analyzed the history of corporate card use, and there was another strange thing. In February of last year, the Beijing Winter Olympics were held, and Chairman Lee Kim was the vice-captain of the Korean team. So he went on a business trip to Beijing with the national team. Looking more specifically, at the opening ceremony on February 4th, I even entered with the athletes. However, on this day, the corporate card was used again at the golf course in Yongin, Gyeonggi-do. Two days later, another card is used to pay 2 million won at a Beijing gift shop. Chairman Kim even watched the game between Team Kim and Japan on the 14th, and on this day, the payment was made at a domestic golf course as well.”

Jeong Yeon-woo/ 9th Floor Current Affairs Reporter
“No, then Reporter Gong, there is only one person, and that person uses the corporate card both in China and in Korea, and this is what happens. Then, it is strange to anyone to see, but it is a situation that I do not understand. How did the company explain this part?”

Reporter Gong:
“The company insists that it was used by company executives for management activities, even though there is no fact that Chairman Kim’s family or anyone outside the company used it.”

MC:
“Anyway, the gift and the contents of the corporate card used at the domestic golf course, and now the company is saying that it is all for the company and for management. Has the company actually gotten any better?”

Reporter Gong:
“We also checked the financial condition of the company. However, I was able to confirm that it has deteriorated rapidly recently, and the operating profit, which was over 10 billion five years ago, drops to a third in 2019, when Chairman Kim took over the company. Then, in 2020, it rebounded a little, but last year, it eventually turned into a loss-making company. The company claims that the cause of the deterioration in management is the deterioration of the construction market.”

MC:
“Rather, there are a lot of things I wrote on the corporate card saying that I would get a business now or an order, but the situation is not good. The construction market has been a bit bad lately.”

Reporter Jeong:
“It has gotten a little worse since last year. It is true that the general situation is that the construction market has deteriorated a little because money has dried up in the market as interest rates have risen.”

Reporter Gong:
In fact, it is true that the construction cost ratio itself has risen as things like raw material prices have risen a lot over the past year. Rather, the management is suing them for fraudulent rehabilitation, saying that the employees who applied for rehabilitation inflated the amount of wage debt.

Daewoo Shipbuilding & Marine Engineering (Voice Modulation)
“Since February last year, the profitability of the construction industry has deteriorated significantly as raw material prices skyrocketed due to the Ukraine crisis. You should know this. At construction sites, the application for rehabilitation and the decision to commence rehabilitation mean destruction. Since construction companies are entangled in contractual relationships with various financial institutions, the filing of a rehabilitation application itself is a reason for insolvency. Then, lawsuits and claims for claims will come in and you will be kicked out of the field.”

Reporter Gong:
“It is difficult to say clearly at this point which one is correct.”

MC:
“After hearing the story, the company is rather blaming the employees who applied for rehabilitation. What was the result of the rehabilitation application?”

Reporter Gong:
“After the results came out last Monday, the Seoul Bankruptcy Court decided to start the rehabilitation process. The rehabilitation process requested by the employees has now been accepted. Also, the company applied for an injunction to prohibit broadcasting of our broadcast, but this was also rejected. And most of all, the expert pointed out that it is difficult to easily understand the behavior of the management you saw earlier in a situation where the company’s situation is deteriorating to the extent that wages are in arrears.”

Kim Woo-chan/ Korea University Business School Professor
“I think the fact that I used a corporate card like that despite the difficulty of not being able to pay wages is a situation where I can’t help but doubt what the purpose of acquiring this company was.”

MC:
“Above all, I think the employees probably suffered the most. Perhaps reporter Jeong Yeon-woo is not paid by the company right now, or his wages are delayed, so wouldn’t it be interesting to cover?”

Reporter Jeong:
“It will be very difficult to bear.”

MC:
“There is such a thing. There are people who work and there are people who make money. I feel like there are people who spend money.”

Reporter Jeong:
“you’re right.”

Correspondent: Gong Min-kyung
Cinematographer: Seol Tae-hun, Cho Seon-ki, Kim Man-joong
Video Editing: Lee Ki-seung and Son Bo-ra
Data research: Song Ji-hwan