Citizens enter the AMOREPACIFIC building in Yongsan-gu, Seoul on the morning of the 17th. News 1
One in three Amorepacific employees who were fired following embezzling 3.5 billion won worth of company money is said to be the son of the former CEO of Amorepacific.
According to the industry on the 19th, it was confirmed that among the three Amorepacific sales staff who were caught recently by stealing company money and using it to invest in stocks, virtual assets, and illegal gambling, the son of the former CEO A was B.
Mr. A joined Amorepacific’s predecessor Pacific in 1983 and served as vice president and CEO of sales, door-to-door sales, and marketing, and resigned in 2014. After that, he served as the president of the Kyowon Edu Business Headquarters, the president of Hansol Education’s new growth division, and since last year, he has served as the CEO of the Hansol Children’s Daycare Foundation.
Previously, through an internal regular audit, Amorepacific confirmed that three people, including Mr. B, embezzled 3.5 billion won in company money by supplying products to customers, stealing money, or issuing false estimates or tax invoices. They used the stolen money to invest in stocks, virtual assets, and illegal gambling, and even gambled with some of their employees while working from home.
After collecting the embezzlement amount, Amorepacific fired all three people, including Mr. B, through its own personnel committee. On the 18th, they filed a complaint with the Yongsan Police Station in Seoul on charges of embezzlement under the Act on Aggravated Punishment of Specific Economic Crimes. An Amorepacific official said, “We cannot disclose personal details” as to whether Mr. B is included among the dismissed employees.
Sora Lee reporter [email protected]
