Ⓒ JoongAng Ilbo / JoongAng Ilbo Japanese version2022.01.11 06:59
Shinsegae Group Vice Chairman Chung Yong-jin said he wouldn’t mention any more in connection with the ongoing debate over his “destructive” remarks.
A high-ranking official of the Shinsegae Group said on the 10th, “Vice Chairman Chung said he would not make any more statements related to’Kaikyo’.”
Vice Chairman Chung, who posted a series of posts on Instagram at the end of last year saying “I hate the Communist Party,” has recently been at the center of the debate with a series of “destructive” remarks.
On the 6th, Vice Chairman Chung posted an article on Instagram with a photo of President Xi Jinping of China and added hashtags such as “Kyokyo,” “Air Defense Counterintelligence,” and “Katsukyo Unification.”
After that, when the debate spreads, Vice Chairman Chung gave a picture of North Korea’s President Kim Jong-un, and his death was aimed at “people who live on us” (North Korea) instead of China. I explained that it was a photo.
However, on the 8th, President Yoon Seok-you of the opposition “People Power Party” visited the store of E-mart, a Shinsegae Group affiliated company, and purchased dried sardines and beans reminiscent of “Kyokyo.” Opposition officials posted photos related to dried sardines and beans one following another, and the “death” debate expanded to the political world.
The stock price of the New World plummeted in the discussion of Vice Chairman Chung’s remarks. On this day, Shinsekai closed at 233,000 won, down 6.80% from the previous trading day.
Group affiliate Shinsekai International fell 5.34% and Shinsekai I & C fell 3.16%. In particular, Shinsegae International also broke the 52-week low during trading hours.
In connection with this, Shinsegae said, “The outlook for the Chinese market is uncertain and stock prices have tended to decline in the industry as a whole.”
The fact that public opinion regarding the boycott of Shinsegae Group affiliates is spreading is also bad news for the group.
The social networking service (SNS) shared a poster saying “Boycott Chung Yong-jin. I won’t go. I won’t buy.” It is also argued that it should not be consumed by group affiliates Starbucks and E-mart. ..
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