E-Mart's stock price has fallen 70% over the past 10 years ... "Jeong Yong-jin, we need to come up with value-up measures through responsible management."

Kim Jisun

stockmk2020@alphabiz.co.kr | 2024-03-12 03:54:01

Shinsegae Group Chairman Chung Yong-jin. (Photo=Shinsegye)

[Alpha Biz=(Chicago) Reporter Kim Jisun] Regarding the promotion of Chung Yong-jin, chairman of Shinsegae Group, the Korea Corporate Governance Forum commented on the 11th, "Isn't it right to apologize for moaning E-Mart shareholders and come up with corporate value-up measures rather than promotion?"

As of 10 am on this day, E-Mart is trading at 70,600 won, down 500 won (0.70%) from the previous day.

The forum said in a commentary that E-Mart shares have fallen 59% and 70% over the past five and ten years, respectively. This is in contrast to the KOSPI's 23% and 37% rise.

In the meantime, E-Mart's financial debt to its market capitalization of KRW 2 trillion is excessive at KRW 14 trillion, and it is suffering from mergers and acquisitions (M & A) unrelated to its main business such as U.S. wineries.

E-Mart's stock price has fallen 70% over the past 10 years ... "Jeong Yong-jin, we need to come up with value-up measures through responsible management."

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