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Hanwha Group Vice Chairman Kim Dong-kwan |
[Alpha Biz= Reporter Kim Jisun] Kim Dong-kwan, Vice Chairman of Hanwha Group, has been removed from the witness list for the National Assembly audit scheduled for the 21st.
On the 20th, Kang Min-kook, a ruling party member of the National Policy Committee, confirmed to News1 that Kim's witness application had been withdrawn. Kang had originally requested Kim as a witness for the audit under the Fair Trade Commission’s jurisdiction at the end of last month.
The committee had planned to question Kim regarding Hanwha Energy's public tender offer for Hanwha Corporation, the group’s holding company, and investigate allegations of a "backdoor succession" through restricted stock units (RSUs) received from key affiliates.
As the eldest son of Hanwha Group Chairman Kim Seung-youn and the group's "heir apparent," Kim Dong-kwan’s summoning had stirred tension within Hanwha. The group’s public affairs team reportedly made significant efforts to prevent his attendance. Despite not submitting a formal reason for non-attendance by the 20th, it appeared likely that Kim would attend the hearing on the 21st. However, his witness application was ultimately withdrawn at the last minute.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
