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| 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.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
