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[Alpha Biz=(Chicago) Reporter Paul Lee] Kim Yeon-soo, CEO of Hancom, drew a line, saying the recent allegations of Hancom Group's slush fund creation have nothing to do with management.
"As Hancom CEO, I am grateful to be able to officially explain my position," said Hancom CEO Kim Yeon-soo, who held an AI (AI) business strategy presentation at Fairmont Ambassador Seoul on the morning of the 28th. "The recent suspicion has nothing to do with management and corporations, including myself."
He added, "Even if the Arowana Token project goes well, it will not benefit our corporation and management, and it will not do any harm if it goes wrong."
Recently, the Gyeonggi Nambu Police Agency's anti-corruption and economic crime investigation team applied for an arrest warrant for Kim, the son of Hancom Chairman Kim Sang-chul, on charges of professional malpractice.
In addition, a warrant was filed against A, CEO of a virtual asset Arowana Token issuer invested by a Hancom affiliate, on the same charge.
The police believe that Chairman Kim is suspected of creating slush funds with Arowana Token.
Arowana Token is a virtual asset invested in Hancom With, a blockchain company affiliated with Hancom.
Within 30 minutes of its first listing on April 20, 2021, the coin soared from its initial trading price of 50 won to 1,075 times (107,500%), raising suspicions of price manipulation.
Suspicions have also been raised that KRW 10 billion in slush funds formed in the process flowed into the son, a director of Hancom Group's affiliate.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
