Kintex seems to be repaired at the board meeting this week… The process of appointing an agent is also in progress.
It was confirmed that Lee Hwa-young, the head of KINTEX in Goyang-si, Gyeonggi-do, who was arrested on the 28th of last month on charges of receiving billions of bribes from the Ssangbool Group, resigned.
According to KINTEX and others on the 2nd, CEO Lee submitted a resignation letter to KINTEX through his lawyer on the 29th of last month.
Among the CEOs of KINTEX, the largest exhibition and convention center in Korea established in 2005, Lee is the first to resign following being arrested within his term.
Accordingly, it is reported that Kintex will hold a board of directors meeting this week to decide whether to accept CEO Lee’s resignation and to appoint an acting representative.
In addition, it is known that if a representative acting representative is appointed, the company plans to hold a general shareholders’ meeting in the future to proceed with the public offering process for a new president.
An official from Kintex said in a phone call with Yonhap News on the 2nd, “The executives and employees are doing their best to minimize the vacuum of the president. I will,” he said.
On the 28th of last month, when President Lee was arrested, the People’s Strength members of the Gyeonggi Provincial Assembly announced that they would conduct an administrative audit in relation to the representative case.
They held a press conference and said, “CEO Lee Jae-myung appointed former Gyeonggi governor Lee Jae-myung as vice governor of peace and KINTEX representative and is classified as Lee’s closest aide. The former governor is clearly responsible,” he pointed out.
“People’s Power will make every effort to restore the state of affairs that the former governor has ruined by carefully reviewing the details of President Lee’s activities while serving as the Vice-Governor of Peace and the Representative of KINTEX through an administrative audit,” he said.
In particular, he urged Governor Kim Dong-yeon to immediately remove CEO Lee from office, and demanded the Gyeonggi Province to expand the hearings of the head of the agency to all provincial institutions, including KINTEX.
17 members of the Goyang City Council for People’s Strength also issued a statement on the 30th of last month, saying, “I strongly urge the immediate resignation of President Lee Hwa-young, who was arrested on charges of bribery and violating the Political Fund Act and harmed the citizens of Goyang.”
On the other hand, CEO Lee served as the Vice Governor of Gyeonggi-do following completing his position as an outside director of Ssang-Ball, from August 2018 to January 2020. He is accused of receiving 250 million won in bribes, including three vehicles.
He is also accused of falsely registering his close associate as an employee of Ssang Bul-Bul and making him pay 90 million won in wages.
/yunhap news
